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Print Edition StoriesTuesday, December 22, 2009
Desktop virtualization firm Viewfinity takes in $8.6M
By Mass High Tech staff
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Waltham-based Viewfinity Inc., which came out of stealth mode with its first product this past summer, has reported a $8.6 million Series B round that includes a new investor, Longworth Venture Partners, also of Waltham.
Viewfinity, founded in 2007 by former XOsoft executives, reported the new funding in a filing with the U.S. Securities and Exchange Commission. The company’s technology, also called Viewfinity, is a management tool that works with virtualization software layers, called hypervisors, provisioning persistent desktops and providing single-image management of applications through an agent that enables system administrators to do rules-based provisioning without letting desktop images proliferate, according to the company.
President and co-founder Gil Rapaport, a former XOsoft executive, declined to comment on the new funding or the involvement of previous investors, JK&B Capital and Giza Venture Capital, both of which hold seats on the board and were listed on the SEC Form D filing. They had participated in a $5-million round in January 2009. The new filing included the name of Nilansana Bhowmik, a partner with Longworth.
The SEC filing indicated that the total offering is $9.1 million, including a portion outside the U.S., and that Viewfinity is selling $6 million in Series B preferred shares and lists $3.1 million in loans converted to Series B preferred shares.
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