Cisco Systems, El Dorado Ventures and Partech International also renewed existing commitments to the business by taking part in the round, which Atlantis said would support the company’s worldwide expansion.
Adams Street partner Dave Welsh said, “Adams Street Partners has been looking to invest in the growing virtualization market for some time, and we are excited to come on board with Atlantis Computing.
“We were impressed by several aspects of Atlantis Computing’s business, including its proven award-winning technology, strong go-to-market partnerships and fast-growing blue-chip customer base.
“We realized that Atlantis Computing is dramatically impacting the way storage will be consumed in the next generation virtual data center.”
Atlantis president and CEO Bernard Harguindeguy said that although the company took venture capital investment in 2010, it had funded its growth through customer business, quadrupling its size in the last two years.
Last week Adams Street, a secondaries pioneer, hit its $1bn hard cap for its latest vehicle aimed at helping LPs exit their investments in private equity funds.
Adams Street Global Secondary Fund 5 brings the US-based firm’s available secondary capital to about $2bn.
Copyright © 2013 AltAssets