Ravello Systems Raises $28M In Third Round Of Funding

January 21, 2015 | Ravello Systems raised $28 million in the company’s third round of funding, bringing total capital raised by the company to $54 million. The funding round for the Israeli company was led by Qualcomm incorporated through its venture capital arm Qualcomm Ventures as well as SanDisk Ventures, Sequoia Capital, Bessemer Venture Partners, Norwest Venture Partners and Vintage Investment Partners. Ravello’s system allows enterprises to achieve a balance between public and private cloud resources. Ravello was founded in 2011 by the team that founded the KVM hypervisor, President Benny Schnaider and CEO Rami Tamir.