Virtual Instruments filed for first close after raising 91% of its financing round

XDATA – October 7th 2014

virtual instrument $10 million worth of mezzanine securities started to be placed by Virtual Instruments almost two weeks ago. Based on the information disclosed, a total of eleven investors bought 91% of the $11 million security offering. A total of six unregistered securities offerings closed by the company raised an estimated $75.55 million.

Virtual Instruments develops and markets IT infrastructure performance management solutions. The company’s VirtualWisdom platform provides comprehensive visibility into the performance, health and utilization of the IT infrastructure enabling customers to guarantee the performance of their mission-critical applications across physical, virtual and cloud computing environments. The company is backed by Lightspeed Venture Partners, Next World Capital, General Catalyst Partners, and Riverwood Capital.

The company is headquartered in San Jose CA. Virtual Instruments kept its revenues undisclosed.
The executive team includes Barry Cooks, Bo Barker, Eileen Murphy, George Harrington, John Gentry, John W Thompson, Mike Moore and Skip Bacon.
The board of directors includes Chris Schaepe, Craig Hanson, Hemant Taneja, James I Cash, Jeff Parks, Jim Davidson and Steve Mankoff.

The company has raised an estimated total of $85.55 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Virtual Instruments
Industry: Computers
Amount offered: $11 million
Amount placed: $10 million
First sale: 09-24-2014
Data as of: 10-07-2014

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