Local Tech Wire

ATLANTA – Georgia-based is placing a bet on virtualization and cloud computing technology with an investment in

The Atlanta-based venture capital firm, which is one of the largest in the Southeast, is one of three investors in an expanded Series A funding round for Virtustream, which is based in Washington, D.C.

The round now stands at $40 million. Joining Noro-Moseley in the additional financing were Intel Capital and TDFunds.

Earlier investors include Columbia Capital and Blue Lagoon Capital.

Virtustream made its initial close on the round last September.

“Virtustream is on track with our plans for introducing new cloud computing offerings to market and expanding our data center footprint; we are very encouraged by the positive reception we are receiving from customers in the U.S. and the U.K.,” Kevin Reid, chief executive officer at Virtustream, said in a statement.

Virtustream also has offices in London, Ireland and the Channel Islands.

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