Embotics secures $4 million in Series B funding

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Immediately after the founder and former CEO of PlateSpin, Stephen Pollack, joined Embotics as board advisor the company announced its second round of funding.

Despite the credit crunch, Covington Capital Corporation managed to raise $4 million for this Canadian startup focused on the so called VM lifecycle management segment. 
The entity of the first round stays undisclosed.

The number of financing rounds in the virtualization industry dropped near zero in the last six months, and it doesn’t seem it will go any better for a while.
Embotics is certainly lucky as this money will grant oxygen for the next few quarters.