Performance management startup lands US$15 million in funding

Akorri adds US$15 million to further development of flagship BalancePoint software

Startup Akorri Monday announced it had garnered US$15 million (AU$18.2 million) in venture capital funding to further develop its technology designed to maximize application performance by optimizing server and storage resource utilization in virtual environments.

Akorri, founded in January 2005, develops software that can perform cross-domain management for applications. The company says its BalancePoint product is able to assess storage and server resources and predict how changes in use, capacity or resources, will affect application performance. Company officials say the technology analyzes dependencies among applications and storage and server resources, correlates the data and then is able to predict how applications will perform under different circumstances.

The start-up competes with industry heavyweights such as EMC, HP and HP as well as storage management vendors such as Onaro. Akorri executives say the company's technology differentiates itself from competition with its analytics capabilities that provide a broad view of data centers components and their dependencies.

"To manage the data center today, you have to have a holistic view of it, not just what's going on with storage, what's going on with servers. You have to bring them together. IT really has no idea how the relationships between servers, storage, networks and applications are affecting one another," said Richard Corley, Akorri's founder and CTO.

Akorri landed US$8.5 million of Series A funding in February 2005 from investors Matrix Partners, North Bridge Venture Partners and BlueStream Ventures. The company brought in another US$15 million in a second round in April 2006 from previous investors Matrix Partners and North Bridge Venture Partners. And Monday Akorri announced Matrix and North Bridge led the Series C round of US$15 million alongside Globespan Capital Partners and BlueStream Ventures.

The company said in a press release it plans to expand product development, professional services, sales and marketing among other things with this round of funding.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Denise Dubie

Network World
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?