The investment will be used to grow capacity of IaaS growth, and be put into further developing of its xStream cloud management software for enterprise and service provider network. In 2012, Virtustream raised $15 million to help grow xStream and expand into more markets.
The investment comes after a long-standing partnership between the two companies, where SAP was both a strategic partner and customer of Virtustream.
Virtustream’s cloud software and IaaS offerings were built to serve the requirements of enterprise applications, including security, compliance, and SLAs. Its platform was one of the first to be certified to deploy the full line of SAP business applications in 2010.
“Virtustream and SAP share a singular vision on what it takes to deliver world-class cloud solutions to the enterprise market,” Rodney Rogers, chairman and CEO of Virtustream said. “This round of funding will accelerate our ability to anticipate the needs of the enterprise, and to develop and deploy market-leading private, public and hybrid cloud solutions to service these complex needs.”
Earlier this year, Virtustream was the flagship partner named in SAP’s new HANA Enterprise Cloud, a petabyte-scale virtual private cloud for SAP HANA applications.