Turbonomic
AcquiredAssure performance. Optimize resources. Reduce cost.
Boston, United States · Founded 2008 · $130.0M raised
- 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
- Acquisition Date
- Apr 2021
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.
Tech & App Stack
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Funding History
Apr 2021
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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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