About VirtualZ Computing
VirtualZ Computing is a company based in Minneapolis (United States) founded in 2018 by Dustin Froyum.. VirtualZ Computing has raised $4.32 million across 3 funding rounds from investors including Next Frontier Capital, 2M Companies and Innosphere Ventures. VirtualZ Computing offers products and services including Lozen, Zaac, and PropelZ. VirtualZ Computing operates in a competitive market with competitors including Veza, Apono, Provisior, LabTrace and SmartAIM, among others.
- Headquarter Minneapolis, United States
- Founders Dustin Froyum
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Virtualz Computing Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.32 M (USD)
in 3 rounds
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Latest Funding Round
$2.12 M (USD), Seed
Jun 20, 2024
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Investors
Next Frontier Capital
& 3 more
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Employee Count
Employee Count
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Products & Services of VirtualZ Computing
VirtualZ Computing offers a comprehensive portfolio of products and services, including Lozen, Zaac, and PropelZ. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Facilitates easy data access across platforms in hybrid clouds.
Enables secure connections for real-time data management.
Provides no-code solutions for deploying data access tools.
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Funding Insights of VirtualZ Computing
VirtualZ Computing has successfully raised a total of $4.32M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.12 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $2.1M
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First Round
First Round
(03 Oct 2023)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - VirtualZ Computing | Valuation |
investors |
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| Dec, 2023 | Amount | Seed - VirtualZ Computing | Valuation | Next Frontier Capital | |
| Oct, 2023 | Amount | Debt – Conventional - VirtualZ Computing | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in VirtualZ Computing
VirtualZ Computing has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Next Frontier Capital, 2M Companies and Innosphere Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments are provided to technology-driven startups.
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Early-stage investments are made in innovative companies by Innosphere Ventures.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by VirtualZ Computing
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - VirtualZ Computing
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Virtualz Computing Comparisons
Competitors of VirtualZ Computing
VirtualZ Computing operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Veza, Apono, Provisior, LabTrace and SmartAIM, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud data security solutions are offered for multi-cloud environments.
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| domain | founded_year | HQ Location |
Cloud based platform offering asset management software
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| domain | founded_year | HQ Location |
Provisior provides IGA platforms for IT automation, user provisioning, and access control.
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| domain | founded_year | HQ Location |
Blockchain platform for certifying ownership and integrity of scientific data.
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| domain | founded_year | HQ Location |
Authorization management solutions for identity and access governance are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Virtualz Computing
Frequently Asked Questions about VirtualZ Computing
When was VirtualZ Computing founded?
VirtualZ Computing was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Where is VirtualZ Computing located?
VirtualZ Computing is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is VirtualZ Computing a funded company?
VirtualZ Computing is a funded company, having raised a total of $4.32M across 3 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.25M, raised on Oct 03, 2023.
What does VirtualZ Computing do?
VirtualZ Computing was founded in 2018 in Minneapolis, United States, focusing on the software sector for data privacy solutions. Custom and packaged applications are supported on cloud, distributed, and mobile platforms, enabling real-time read-write access to synchronized data on the IBM Z mainframe. This facilitates seamless data interactions between mainframe systems and external environments, similar to client-server operations.
Who are the top competitors of VirtualZ Computing?
What products or services does VirtualZ Computing offer?
VirtualZ Computing offers Lozen, Zaac, and PropelZ.
Who are VirtualZ Computing's investors?
VirtualZ Computing has 4 investors. Key investors include Next Frontier Capital, 2M Companies, Innosphere Ventures, and Next Coast Ventures.
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