What is AirVM?
AirVM, also known as HyAlto, is a cloud enablement services and solutions company. They provide a comprehensive cloud management and monetization platform designed for both service providers and enterprise businesses. Headquartered in Kanata, Ontario, the company also maintains offices in the United States and the United Kingdom, indicating a broad operational reach. The company's focus on cloud enablement positions it within a critical sector of the technology industry, offering solutions that streamline cloud operations and financial management for its clients.
How much funding has AirVM raised?
AirVM has raised a total of $8M across 1 funding round:
Series A
$8M
Series A (2015): $8M with participation from Rho Canada, Build Ventures, and Wesley Clover International
Key Investors in AirVM
Rho Canada
Rho Canada is a venture capital firm with a long history of investing in innovation since 1981. They focus on companies at various growth stages and provide strategic value through their extensive experience, partnering with entrepreneurs to build market-defining businesses.
Build Ventures
Build Ventures is a venture capital firm based in Halifax, Nova Scotia, specializing in early-stage capital for technology companies in Atlantic Canada. They are dedicated to supporting passionate founders committed to building successful businesses.
Wesley Clover International
Wesley Clover International is a private, global investment management firm and holding company founded in 1972. They provide portfolio management and advisory services to a diverse range of clients, including individuals, institutions, and investment companies.
What's next for AirVM?
The substantial enterprise-level funding secured by AirVM, coupled with the recent major strategic investment, signals a strong growth phase for the company. This capital infusion is likely to fuel further platform development, expansion into new markets, and enhancement of its service offerings. AirVM is poised to leverage this financial backing to solidify its position as a key player in the cloud enablement space, potentially driving innovation in cloud monetization strategies for service providers and enterprises alike.
See full AirVM company page
