How much funding has Turbonomic raised?

Turbonomic has raised $130.0M in total funding, most recently a Growth Equity round.

When was Turbonomic founded?

Turbonomic was founded in 2008.

Where is Turbonomic headquartered?

Turbonomic is headquartered in Boston, Massachusetts, United States.

What industry is Turbonomic in?

Turbonomic operates in Developer Tools, SaaS.

How many employees does Turbonomic have?

Turbonomic has 1001-5000 employees.

Turbonomic

Q: Who are Turbonomic's investors?

Turbonomic's investors include Bain Capital Ventures, General Atlantic, ICONIQ Capital.

Acquired

Assure performance. Optimize resources. Reduce cost.

Boston, United States · Founded 2008 · $130.0M raised

Developer Tools

SaaS

Headquarters: Boston, Massachusetts
Employees: 1001–5000
Founded: 2008
Business Model: B2B

Website: turbonomic.com
Total Funding: $130.0M
Last Round: $70.0M Growth EquitySep 2019
Rounds: 5

About

Turbonomic is an Application Resource Management (ARM) platform that manages, automates, and continuously optimizes IT resources in real-time at the lowest possible cost across on-premises, private, and multi-cloud environments. Originally founded in 2008 as VMTurbo and rebranded to Turbonomic in 2016, the company developed software that simulates supply and demand forces to dynamically allocate compute, storage, memory, and network resources based on live application demand. Turbonomic's platform assures application performance by preventing resource contention, rebalancing workloads, and right-sizing resources without human intervention. The company also acquired ParkMyCloud and SevOne in 2019. Turbonomic raised over $250M in venture funding from investors including Bain Capital Ventures and Highland Capital Partners before being acquired by IBM in June 2021.

Summary

Turbonomic is a Developer Tools company based in Boston, United States, founded in 2008. It has raised $130.0M in total across 5 rounds, most recently a $70.0M Growth Equity round in Sep 2019. Investors include Bain Capital Ventures, General Atlantic and ICONIQ Capital.