Top Companies in Virtualization Worldwide (Apr, 2025) - Tracxn

Companies in Virtualization

There are 400 companies in Virtualization which include , , , , . 167 companies in Virtualization are funded, with 138 having secured Series A funding. Till date, the sector has seen the creation of 1 Unicorn. United States has the most number of companies in Virtualization (181), followed by United Kingdom (25), and then India (16).

On average, the last 10 years have seen 9 new companies launched every year. Most number of Virtualization startups have been founded by alumni from Harvard University, Stanford University and Massachusetts Institute of Technology.

1. VMware

Cloud based orchestration solutions. It enables running any app on any cloud on any device through the solutions for modern apps, multi-cloud, and digital workspace. It transform data centers into aggregated computing infrastructures with VMware vSphere, its virtualization platform.

Key facts about VMware

Founded Year: 1998
Location: Palo Alto (United States)
Stage: Acquired
Total Funding till date: $578M
Investors: .406 Ventures, Kleiner Perkins and 31 Others
Latest Funding Round: Grant (prize money), Jan 01, 2021, $449K
Tracxn Score: 79/100 What is this?
Competitors Rank: 2 of 574 Competitors

2. Red Hat

Openstack distribution and cluster management platform. It allows developers to create, delete, and manage kubernetes clusters across multiple private and public clouds. The platform enables users to track costs, control resources, and more. Its offerings include application development, automation, cloud computing, and more.

Key facts about Red Hat

Founded Year: 1993
Location: Raleigh (United States)
Stage: Acquired
Investors: Benchmark, Greylock and 9 Others
Latest Funding Round: Grant (prize money), Jan 01, 2023, $370K
Tracxn Score: 79/100 What is this?
Competitors Rank: 1 of 159 Competitors

3. Parallels

Cloud based Daas platform. It provides virtualization and automation software that optimizes computing for consumers, businesses, and service providers across hardware, operating system, and virtualization platforms. It provides access software enabling remote access to computers. It includes a dashboard that provides visibility into published resources, registered users, active user sessions, and more.

Key facts about Parallels

Founded Year: 1999
Location: Seattle (United States)
Stage: Acquired
Investors: Russia Partners, JAFCO Group and 15 Others
Latest Funding Round: Series B, Feb 18, 2017
Tracxn Score: 72/100 What is this?
Competitors Rank: 1 of 197 Competitors

4. Evolve IP

Provides cloud services such as virtual servers, virtual desktops, disaster recovery, IP telephony, unified communications, and contact centers. Serves to the Legal, Banking, Travel, Commercial Real Estate, Healthcare, Retail, Government, and Professional Services sectors. Also, it offers an omnichannel customer contact center suite.

Key facts about Evolve IP

Founded Year: 2006
Location: Wayne (United States)
Stage: Public
Total Funding till date: $209M
Investors: Great Hill Partners, Ardian and 1 Other
Latest Funding Round: PE, Jul 2019, $181M
Tracxn Score: 69/100 What is this?
Competitors Rank: 60 of 109,813 Competitors

5. Workspot

Cloud-based desktop virtualization platform. It is a SaaS solution that allows companies to deliver email, business applications, and data onto mobile devices. It provides users with streamlined access to all the work apps. The VDI supports hybrid cloud environments. It caters its solution to industries such as legal, healthcare, retail, and more.

Key facts about Workspot

Founded Year: 2012
Location: Menlo Park (United States)
Stage: Series D
Total Funding till date: $75.9M
Investors: Helion Venture Partners, Kleiner Perkins and 17 Others
Latest Funding Round: Series D, Sep 24, 2019, $19M
Tracxn Score: 68/100 What is this?
Competitors Rank: 3 of 197 Competitors

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Virtualization companies globally