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Startup Roundup
Hybrid cloud software startup, Velostrata, raises $14M
 Israeli startup Velostrata, which provides on-demand hybrid cloud software, announced that it has raised $14 million in Series A funding. The company plans to use the funding to further develop the product and expand sales, marketing, and support teams in North America and Europe. Velostrata says it has developed the industry’s first real-time hybrid cloud solution that streams production workloads to and from the cloud in minutes. Learn more.
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In February, Check Point Software Technologies, the flagship of Israel’s information security industry, announced it was buying the Israeli startup Hyperwise Security. The backstory to the deal was the three founders of the startup, all veterans of the elite Israel Defense Forces intelligence unit 8200. Starting up their company just two years earlier with an investment of only $2 million, they became millionaires when they sold their company for what was rumored to be as much as $80 million. 
