August 27, 2015 | The hybrid cloud software provider Velostrata announced that it raised $14 million in Series A funding. The round was led by Norwest Venture Partners together with Greylock IL (83North). The company reportedly plans to use the funding to continue the development of its product and to grow its sales, marketing and support teams in the United States and Europe. In addition, the company released its product from stealth mode. Velostrata was founded in 2014 by CEO Issy Ben-Shaul and Chief Product Officer Ady Degany. The company is headquartered in San Jose, California.