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Fortisphere Fuels Up With $10 Million Initial Funding

Tuesday, November 20, 2007 5:45:00 AM PDT | VentureDeal Staff
GLENWOOD, MD -- Fortisphere said that it has raised $10 million in its first institutional round of venture capital funding.

The company sells a virtual machine software suite that allows enterprise IT departments to better manage their virtualized compouting environments.  Fortisphere was founded in October, 2006.

Investors in the round included co-leaders Fairhaven Capital and Globespan Capital Partners.

The company said it will use the funding to continue product development, expand its sales team and increase its visibility in the marketplace.

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