Traveling Through Hyperspace Ain’t Like Dusting Crops
Monday, January 26th, 2009OK, I don’t break out the Han Solo quotes for just any occasion, so clearly something big is happening at Virtual Computer today. Earlier this morning, we made a major announcement that we just closed a $15 million series B financing round, which is big news in itself given the state of the global economy. However, equally significant is who is investing in the company. Our existing investors, Highland Capital Partners and Flybridge Capital Partners, doubled down on Virtual Computer, and we also welcomed in an exciting new strategic investor, Citrix Systems.
The addition of Citrix as an strategic investor is absolutely huge for us. I have already commented on the significance of the Citrix/Intel client hypervisor initiative and Project Independence and how they collectively stand to revolutionize corporate computing. An industry standard Xen-based hypervisor will dramatically accelerate Virtual Computer’s mission to refine PC management through client virtualization, and having two industry titans like Citrix and Intel throw their weight behind the client hypervisor model will only speed its adoption and acceptance.
Whenever the big guys jump into an emerging new technology area, there is always risk that the innovative startups who were there first will be squeezed on to the sidelines. An investment by Citrix signals that Virtual Computer’s unique vision and collection of important technology innovations have earned us a key seat at the table as these industry developments unfold in the months and years ahead.
With all of the excitement about the Citrix relationship, it is easy to overlook the significance of a $15 million infusion of capital into Virtual Computer. We have already been moving at a very good clip to outrun and outexecute potential competitors big and small, but this additional investment, which brings our total funding raised to date to $21 million, allows us to engage the hyperdrive on our go-to-market plan. It couldn’t have come at a better time as the client hypervisor / PC lifecycle management convergence we have been predicting is clearly heating up.
Traveling at light speed it not easy. As Han warned, without careful calculations you can fly right through a star or bounce too close to a supernova. However, you can’t win if you are not in the game, and I have to credit our co-founders, Dan McCall and Alex Vasilevsky, for coming up with a winning business plan and technology vision, building a winning team capable of making it a reality, and effectively steering a rocket ship that is moving faster than any of us imagined possible.



