SUNNYVALE, Calif. -- VirtualLogix, Inc., the Real-Time Virtualization company, today announced that it has secured $16 Million in Series B financing. This funding includes participation from new investors, Esprit Capital Partners, who led the round, and Intel Capital. Current investors, Atlas Venture and Index Ventures also contributed to the Series B funding.
The funding will be used primarily to accelerate the companys global growth strategy and develop the next generation of VirtualLogixs real-time virtualization software solutions.
VirtualLogix is pioneering the application of virtualization for embedded real-time connected devices, said Peter Richards, CEO of VirtualLogix. This additional financing confirms the potential that investors see in the market, our leadership team and our technology. We look forward to working with our investors and partners to accelerate the next phase of the companys growth and leadership in real-time virtualization.
We are very excited to be backing VirtualLogix and are very impressed by the progress that the company has made to date, said Tom Bradley, partner at Esprit Capital Partners. We believe that the companys focused strategy, its unique technology and strong management team provide a robust foundation for its future success. We look forward to working together with its management team to grow the business to the next level.