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May 12, 2009

VC Firm, Longworth Venture Partners Leads $7 Million in Series B Funding for VKernel

Filed under: Venture Capital News — admin @ 6:14 am

Based in Portsmouth, New Hampshire, VKernel Corporation secures $7 million in series B funding with the investment leader being Longworth Venture Partners. Other existing investors also participated in this round of funding, and they include Hummer Winblad Veture Partners and Polaris Venture Partners. VKernel is an award winning company that produces innovative solutions which are changing the way the management approach to dynamic heterogeneous virtual data centers. The company’s main attraction to investors is its patent-pending plug-and-play software suite, which can optimize and virtualize management, cut costs, and enhance performance.

According to Alex Bakman, founder and CEO of VKernel Corporation, since the very beginning, VKernel planned to take a completely different approach to this particular market by employing a strong and convincing sales and marketing strategy which offers potential clients a new cost effective and user friendly products that offer value. Mr. Bakman further added that this strategy has already resulted in VKernel quickly becoming the company where companies are turning to for optimizing their virtual data centers.

Longworth Venture Partners has been around for over 20 years and is based in Boston, Massachusetts, and mainly invests in early stage companies in the software, media, and internet industries. Longworth Venture Partners has a team of investors who clearly understand the challenges, excitement, risks, and rewards of building a successful business in the tech industry. The vc firm takes pride in that when an entrepreneur partners with them, the gain access to the operating experience and domain knowledge that members of Longworht’s team have. Some of the companies in Longworth Venture Partners’ portfolio include Cellufun, Constant Contact, Genesis Networks, Grab Networks, etc.

Founded in 1989, Hummer Winblad Venture Partners is one of the first vc firms that invests solely in companies in the software industry. Hummer Winblad Venture Partners has helped many entrepreneurs build companies that design desktop software, embedded systems, internet software applications, etc. The people on Hummer Winblad’s team are John Hummer, Ann Winblad, Mark Goranberg, Doug Hickey, Mitchell Kertzman, Prashant Shah, Todd Forrest, and Lars Leckie and companies in its portfolio include Baynote, IMX, Crowd Factory, Palamida, YieldBuild, and others.

Founded in 1996 by Jon Flint, Terry McGuire, and Steve Arnold, Polaris Venture Partners is a vc firm that is made up of partnerships of venture capitalists and technology executives. Polaris is a national vc firm that mainly invests in companies throughout the entire United States as well as in other parts of the world. Polaris has offices in both Boston and Seattle and mainly invests in companies from seed to early stage all the way to middle stage companies in the IT and life sciences industries. Companies in Polaris’s portfolio include Black Arrow, LogMeIn, eRewards, Acceleron Pharma, and others.

For more information on VKernel, click here.


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