Software maker Arganteal raises more capital

Dec 16, 2013
Austin Business Journal

Virtualization tool maker Arganteal Corp. reported raising $611,000 of a planned $615,000 financing


The Austin-based company collected the capital from 18 investors, according to a Friday filing with the U.S. Securities and Exchange Commission


The report is an update to a November filing in which Arganteal reported raising $448,751 from 14 investors


Arganteal, founded in 2012, develops a suite of vendor-agnostic virtualization design and deployment tools. The products are designed to enable users to use cloud computing in production environments, according to the company’s website


Founder and Chief Technology Officer Russell Sellers invented Arganteal’s deployment automation compiler. He trained NASA engineers on compiler and artificial intelligence technologies to enable them to compile mission plans for space flights. He also was previously director of product development at Austin-based NetSolve Inc. and then a senior manager at California-based Cisco Systems Inc. (Nasdaq: CSCO), which acquired NetSolve in 2004, according to his online profile


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