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.
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