Turbonomic, a startup that provides performance optimization for hybrid cloud deployments, announced a $50 million funding round on Monday, Jan. 23, as well as adding Gary Reiner, former GE CIO, to its board. The funding round was led by General Atlantic, where Reiner is now an operating partner.
Turbonomic provides technology to manage application performance and reduce costs in on-premises data centers, as well as public, private and hybrid clouds, for both legacy and cloud-native applications.
The General Atlantic investment values Turbonomic at more than $800 million, according to a report on Forbes.
Hybrid cloud, where workloads are split between an enterprise's own data center and a public cloud provider, makes sense for a vast majority of enterprises that maintain legacy IT infrastructure. It enables enterprises to gain the flexibility of cloud combined with the control and security of on-premises IT.
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