In 2008, Linux vendor Red Hat acquired virtualization startup Qumranet for $107 million. The core team behind Quamranet’s KVM open source virtualization hypervisor has since moved on to found a new startup called Ravello that is aiming to bring enteprise applications to the cloud.
Ravello Systems emerged from stealth this week with a beta product release and funding of $26 million in venture capital.
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