Embotics Corporation, a virtualization and private cloud management provider, announced it raised $8.4 million in Series B funding. This funding round was led by VentureLink LP and Covington Fund II Inc., both investing $2.5 million each, with private investors making up the remaining $3.4 million. Embotics' total financing-to-date is $18 million. Embotics will use the new funding to expand sales and marketing and to hire more software engineers. Last year, Embotics experienced a 300 percent sales growth and a 220 percent year-on-year growth in new customers.
Embotics provides mid-sized to large IT organizations with a simplified cloud management platform (CMP) that delivers infrastructure-as-a-service. Unlike other cloud management solutions on the market, Embotics V-Commander continuously monitors the virtual data center to optimize the automation, deployment and configuration of IT services. Embotics is headquartered in Ottawa, Canada with offices in the U.S. and Europe, the Middle East and Africa (EMEA) and has a growing network of global partners.