GreenBytes secures $7 million in Series C funding

“GreenBytes has experienced explosive growth and intense interest from the rapidly expanding desktop virtualization market whilst garnering extraordinary praise as the first-mover in the flash-optimized virtual storage appliance market,” said Steve O’Donnell, chairman and CEO, GreenBytes. “We have been gaining incredible momentum with customers, resellers and strategic OEM partners, and this additional funding enables us to step up sales and marketing programs as we expand our solution into additional global territories and experience deeper market penetration.”

GreenBytes’ IO-Offload desktop virtualization solutions are the simplest and most cost-effective way for IT, service providers and OEMs to deliver ecosystem-agnostic, full-featured virtual desktops, from departmental to cloud-scale, in minutes. With GreenBytes’ patented zero latency inline deduplication technology, IT is able to deliver the superior virtual desktop experience that users demand, all with 97% less storage space required, and with the manageability, scalability and affordability required for cloud-scale VDI deployments. GreenBytes’ IO-Offload desktop virtualization solutions include the IO Offload Engine, a hardware appliance, and the vIO, a virtual storage appliance.

"With groundbreaking, patented technology perfectly suited for cloud-based and enterprise desktop virtualization, we recognized a significant market opportunity when we joined the investment team during GreenBytes’ previous round of funding,” said Colin le Duc, partner, Generation Investment Management. “Desktop virtualization adoption is clearly picking up speed and GreenBytes is already playing a key role in this market, evidenced by the company’s advanced market position. We are impressed with the outstanding progress that GreenBytes continues to make, and with the recent expansion of the executive management team, GreenBytes has further solidified its outstanding leadership team who are poised to take the company to the next level.”

“We invested in GreenBytes early on, and it’s been rewarding to observe and support the company’s continued growth and traction with enterprises, OEMs and service provider partners,” said Tom Crotty, general partner, Battery Ventures. “The company’s patented inline deduplication technology solves the cost, performance and user experience problems that had served as roadblocks by antiquated, legacy VDI solutions. GreenBytes is leading the way as an innovator in a growing space, and we look forward to continued momentum.”