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Virtualization Start-up Gets Second Round

InovaWave and its DXtreme virtualization performance and efficiency management software has brought in a $7.2 million

InovaWave and its DXtreme virtualization performance and efficiency management software has brought in a $7.2 million second round on top of its $2 million first round six months or so ago. Matrix Partners led with Silverton Partners, its first-round financier, participating.

DXtreme is supposed to speed up I/O performance for multiple VMs on the same server and squeeze more VMs onto a single piece of hardware with the idea of improving application performance. The widgetry is supposed to compliment both VMware and Microsoft's virtualization platform.

The start-up has also named Chris Ostertag president and CEO. In a previous life he ran Sun's worldwide technical sales force. He's a veteran of Tivoli Systems and has worked at Bowstreet, Parc Place, Servio Logic, Oracle and Informix.

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