Volterra Emerges with over $50 Million in Top-Tier Funding

By siliconindia | Wednesday, 18 December 2019, 06:37 Hrs

To provide a distributed cloud platform for integrating multi-cloud and edge environments Volterra launches VoltStack and VoltMesh.

FREMONT, CA: An innovator in distributed cloud services, Volterra has launched from two years of stealth operations with over 50 million USD in funding to date. Top-tier venture capital firms Khosla Ventures, Mayfield, and M12 (Microsoft’s venture fund), as well as a growing set of strategic investors/partners, including Itochu Technology Ventures and Samsung NEXT, are the investors. Volterra’s is launched during a period of rapid expansion for the company, during which it has grown to more than 100 engineers and over 30 global customers.

Managing Director of Mayfield, Navin Chaddha says that as a people-first investor, it has been a delight to work with serial entrepreneur Ankur and his team on their bold idea of a platform for the distributed cloud era. With more than thirty customers in production, they are confident that Volterra will make a significant impact on the distributed cloud market.

According to Gartner’s expectations, more than 50% of enterprise-generated data will be created and processed outside the data center or cloud by 2022. This change will drive increasingly distributed deployments of applications and data, along with a highly varied set of infrastructure. According to Gartner’s report, most of the enterprise data to be processed outside of data centers, and it is conceivable that it will develop to 80 percent or 90 percent in the coming five years.

Businessman and Seasoned technology executive Ankur Singla founded Volterra to handle the rapidly growing trend of data and applications residing outside company data centers.

The Volterra distributed cloud platform can enable a wide range of use cases:

1. Edgecloud - secure edge gateway, edge app management,

2. Network cloud - secure cloud network with DMZ, application security and acceleration, network edge applications.

3. Multi-cloud - multi-cluster safe mesh, multi-cloud app management, app, and network services consolidation.