About
Turbonomic, an IBM company, provides a workload automation platform for hybrid cloud environments. The platform enables heterogeneous environments to self-manage to ensure the performance of any application in any cloud. The platform automates placement, sizing, and provisioning of workloads and continuously analyzes and adjusts IT resources in real time to ensure application performance while maintaining policy compliance. In 2021, Turbonomic was acquired by IBM.
IBM Turbonomic hybrid cloud cost optimization helps clients get maximum business value for every dollar invested in public, private, hybrid, and multicloud, without sacrificing application performance.
Funding history · 6 rounds · $149.5M total
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was IBM Turbonomic acquired and by whom?
- IBM Turbonomic was acquired by IBM in June 2021 for $2,000,000,000. Following the acquisition, the company ceased to operate as an independent entity.
- What was the total amount of funding raised by Turbonomic before its acquisition?
- Turbonomic raised a total of $149,500,000 across multiple funding rounds. For a full financing history, please refer to startupim.
- When did Turbonomic complete its Series B funding round and who were the lead investors?
- Turbonomic completed its Series B funding round in November 2011. Lead investors included Bain Capital Ventures and Highland Capital Partners.
- Which investor participated in Turbonomic's Series C funding round in May 2013?
- Globespan Capital Partners was an investor in Turbonomic's Series C funding round in May 2013.
- When did Turbonomic receive its Series D funding, and which investors participated?
- Turbonomic received its Series D funding in January 2015. Investors included ICONIQ Growth, Highland Capital Partners, Globespan Capital Partners, and Bain Capital Ventures.
- What was the most recent funding round for Turbonomic prior to its acquisition?
- The most recent funding round for Turbonomic was an Undisclosed Round in February 2019, with Trend Forward Capital as an investor.
- What was the former name of IBM Turbonomic?
- The former name of IBM Turbonomic was VM Turbo.
- How many employees did Turbonomic have at the time of its acquisition?
- Turbonomic had between 201 and 500 employees, with an exact count of 275 employees.
- In what year was Turbonomic recognized as one of Inc. Magazine's Best Workplaces?
- Turbonomic was named one of Inc. Magazine's Best Workplaces in 2018, according to news from May 23, 2018.