In its Series A funding round led by August Capital, Virsto Software, a trendsetter in storage solutions for virtual servers, has secured $7 million. The round also included investment by Canaan Partners, which was a seed investor in Virsto in 2008.

Along with the recent funds, the company also announced that August Capital's General Partner Vivek Mehra, would be joining the Virsto board of directors, while Maha Ibrahim, General Partner at Canaan, will remain on the Virsto board.

The 2007-founded Virsto essentially deals with the mounting want for competent and cost-effective storage for virtualized data centers. Such centers have changed the IT infrastructure scenario by helping company slash costs, perk up performance and amplify efficiency.

With the newly-raised capital, Virsto intends launching new storage solution for meeting the singular needs of virtual servers, more so as the currently-in-use storage technologies are less than optimal. In addition, the company will also concentrate on structuring its customer base and seeking the involvement of new partners.

About Virsto's focus, Vivek Mehra said: "We have repeatedly heard from both cloud and enterprise customers how problematic current storage for virtual servers is.

Virsto's technology and team are far ahead of established and startup competitors working to solve this problem. We believe Virsto has the right leadership, technology and timing to take advantage of this growing market opportunity."