Fundraising Fox

VirtualZ Computing

Minneapolis, US · Founded 2018 · Delaware corporation · 11 employees on LinkedIn · 5 known investors

VirtualZ Computing provides no-code software solutions for enterprise data integration and access, enabling organizations to unlock data from mainframes, legacy systems, and archives for use in AI, analytics, and cloud platforms. The company serves enterprise customers across industries looking to modernize data infrastructure and enable AI-driven applications.

Also known as Virtual Z Computing · VirtualZ

Founders & leadership

VirtualZ Computing was founded in 2018 by Jeanne Glass, Vince Re, Dustin Froyum, and Jeanne M. Glass M.I.M..

JGJeanne Glass
Jeanne GlassFounder and Chief Executive Officer
VRVince Re
Vince ReinCo-Founder and Chief Technology Officer
DF
Dustin FroyumCo-Founder and SVP of Global Alliances
JMJeanne M. Glass M.I.M.
Jeanne M. Glass M.I.M.inFounder

Board

MSMarc Sokol
Marc Sokolin𝕏Executive ChairmanAdvisory Board Member at Florida Funders

Investors · 5

Also in the syndicate · 1

2M Companies

Reported raises · per SEC filings

Form D private placements

$6.2M disclosed across 4 of 5 rounds · 2021–2024

$2.1MraisedJun 2024 · 36 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • William PriceDirector
  • Dustin FroyumExecutive Officer, Promoter
  • Marc SokolDirector
  • Jeanne GlassExecutive Officer, Director
Offering amount
$2.5M
Amount sold
$2.1M
Minimum investment
$20.2K
Proceeds to insiders
$200K
First sale
Jun 2024
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2.3MraisedOct 2023 · 5 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • William PriceDirector
  • Jeanne GlassExecutive Officer, Director
  • Marc SokolDirector
  • Dustin FroyumExecutive Officer, Promoter
Offering amount
$2.3M
Amount sold
$2.3M
Minimum investment
$25K
Proceeds to insiders
$200K
First sale
May 2023
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1MraisedDec 2021 · 19 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Marc SokolDirector
  • Dustin FroyumExecutive Officer, Director, Promoter
  • Jeanne GlassExecutive Officer, Director
Offering amount
$1M
Amount sold
$1M
Minimum investment
$20K
Proceeds to insiders
$220K
First sale
Dec 2021
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$734KraisedJul 2021 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Jeanne GlassExecutive Officer, Director
  • Dustin FroyumExecutive Officer, Director, Promoter
  • Marc SokolDirector
Offering amount
$734K
Amount sold
$734K
Minimum investment
$25K
Proceeds to insiders
$140K
First sale
Jun 2021
Incorporated
Corporation, Delaware, 2018
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

VirtualZ Computing is a Minneapolis-based enterprise software company that builds no-code products for accessing, moving and storing data held on IBM Z mainframes, legacy applications and tape archives. Its stated aim is to make that data usable by modern consumers such as AI models, analytics platforms, SIEMs, cloud databases and hybrid-cloud applications without custom code, ETL pipeline development or changes to existing mainframe applications.

The portfolio consists of four products. PropelZ moves and transforms data from any source to any destination — including cloud databases, analytics and AI platforms, enterprise applications and mainframes — using no-code mappings, positioned as an alternative to ETL scripting and change-data-capture log tailing; sources supported include VSAM, sequential files, GDGs, tape, SMF logs and DB2, with over 100 targets cited, among them watsonx, SageMaker and Splunk. FlowZ provides no-code, file-based cloud storage for mainframe applications, letting z/OS write directly to AWS S3, Azure Blob or Google Cloud Storage as if it were a local device, with existing applications reading and writing without recompilation. Lozen gives cloud and distributed applications real-time, read-write access to live mainframe data presented as native NFS, leaving the data in place on z/OS as a single source of truth. Zaac presents Amazon S3, Azure Blob, Google Cloud Storage and SAN as native z/OS disk and tape devices, replacing hardware procurement, virtual tape library systems and storage virtualization layers, and supporting DB2 databases hosted on cloud storage.

Products are described as zIIP-optimized or zIIP-eligible to limit MIPS consumption on the mainframe, with same-day deployment (FlowZ is cited as installing in about 15 minutes). Common use cases published by the company include mainframe data access for Snowflake and Databricks, mainframe tape-to-cloud migration and mainframe report migration.

Founding story

Founder and CEO Jeanne Glass, a native of Columbia Heights, Minnesota, began her mainframe career while studying Management Information Systems with a COBOL focus at the University of Wisconsin–Eau Claire, then held senior leadership roles at Kleiner Perkins-backed startups and at FICO, Tripwire and CA Technologies (now Broadcom), where she spent 11 years, including as head of worldwide client relations. Starting VirtualZ was described as a longtime ambition, and the company was founded by a group of collaborators cited as having over 150 years of combined mainframe experience.

Business model

VirtualZ licenses proprietary, patented software products installed in customer mainframe and hybrid-cloud environments (PropelZ, FlowZ, Lozen, Zaac). The company advertises a guarantee of no charge until customer data is flowing. Earlier company material also described licensing mainframe software as a service under the zWaaS designation.

Enterprise software licensing of the four-product portfolio, with the company stating customers are not invoiced until their data is flowing.

Traction

As of the December 2023 seed announcement the company had Lozen and PropelZ generally available and Zaac scheduled for Q1 2024, and stated it intended to achieve first revenue quickly while building out sales and development. The current website cites throughput proven at 56,000 records per second and published use cases spanning Snowflake, Databricks, tape-to-cloud migration and report migration.

Latest developments

The product portfolio now comprises four offerings — PropelZ, FlowZ, Lozen and Zaac — with PropelZ repositioned as any-source-to-any-destination, no-code replication and transformation, and FlowZ added as file-based cloud storage for mainframe applications. Marc Sokol, a general partner at Florida Funders, is listed as Executive Chairman.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

VirtualZ positions itself as a replacement for traditional ETL pipelines, change data capture frameworks, virtual tape library and storage virtualization hardware in mainframe environments. It states it is the first woman-founded and woman-led, and Native American-founded and -led, mainframe software provider, and earlier coverage described it as the only woman-founded mainframe software company.

No-code deployment requiring no application rewrites, recompiles or components installed on the consuming platform; bi-directional access so mainframe applications can reach cloud data and cloud applications can reach mainframe data; optional data movement, including live in-place access without replication; a four-product portfolio covering replication, file-based cloud storage, live access and mainframe-native cloud/SAN storage; patents and a team of former mainframe Distinguished Engineers and IBM Champions.

Technology

Patented, no-code software running on z/OS that exposes mainframe data and cloud storage across platform boundaries: Lozen presents live mainframe data to external applications as native NFS with read-write access and no replication; Zaac presents cloud object storage and SAN as native z/OS disk and tape devices; FlowZ writes mainframe files directly to cloud object storage in open formats without disk emulation; PropelZ performs no-code, any-to-any replication and transformation on demand or on a schedule instead of CDC log tailing. Products are zIIP-optimized/zIIP-eligible to reduce general-processor consumption, and the company cites a proven throughput of 56,000 records per second. Zaac also supports GitHub integration for mainframe-connected CI/CD pipelines.

Go-to-market

Direct enterprise sales supported by product demos, briefing requests and a product decision map on the company website; funding proceeds were earmarked for building a sales team. The company maintains alliance-oriented positioning around cloud and data platforms such as AWS, Azure, Google Cloud, Snowflake and Databricks, and integrations with integration/middleware tools including MuleSoft, webMethods, TIBCO, Informatica, Oracle Cloud, Azure Logic Apps and Salesforce.

Large enterprises that run IBM Z mainframes and hold critical business data there, including insurance and financial services organizations, plus IT leaders pursuing AI, analytics, observability, hybrid-cloud and modernization initiatives.

Geography

Headquartered in Minneapolis, Minnesota, United States; products support cloud environments from AWS, Microsoft Azure and Google Cloud.

History

The company launched with a focus on mainframe cost optimization and cloud-based workload flexibility, including software-as-a-service licensing for mainframe software (zWaaS). In December 2023 it announced $2.2 million in seed financing led by Next Frontier Capital, bringing total funding to $4.9 million at that time, with Lozen and PropelZ generally available and Zaac slated for Q1 2024. The product line has since expanded to four offerings with the addition of FlowZ, and messaging has shifted toward supplying enterprise mainframe data to AI, analytics and hybrid-cloud platforms.

Risks & controversies

The company's addressable market depends on continued enterprise IBM Z usage, and it competes with established ETL, change data capture, virtual tape library and storage virtualization vendors as well as customers' in-house pipeline development. Coverage of the business notes that some mainframe customers pursue alternative cost-reduction strategies such as migrating workloads off the mainframe, outsourcing or re-platforming.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Combined team mainframe experienceJan 2023150 years
FlowZ installation timeJan 2025approximately 15 minutes
HeadcountAug 202611
Proven throughputJan 202556,000 records per second
Total funding raised to dateDec 2023$4.9M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 4

by search overlap

Companies competing with VirtualZ Computing for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 2

launches, deals, and filings
Dec 2023
VirtualZ Computing raises $2.2 million seed round led by Next Frontier Capital

VirtualZ announced $2.2 million in seed financing led by Next Frontier Capital, with participation from 2M Companies, Innosphere Ventures and Next Coast Ventures, bringing total funding raised to $4.9 million. Proceeds were designated for building a sales team and expanding development capabilities.

$2.2M source ↗

Dec 2023
Lozen and PropelZ generally available; Zaac announced for Q1 2024

At the time of the seed announcement, Lozen (real-time read-write access to mainframe data for hybrid cloud, SaaS and distributed applications) and PropelZ (on-demand copies of mainframe data for hybrid cloud) were available, and Zaac (real-time read-write mainframe access to external cloud, physical storage and SaaS data) was slated for Q1 2024.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
VirtualZ ComputingDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does VirtualZ Computing do?
VirtualZ Computing sells no-code software that connects IBM Z mainframe data and storage to cloud, analytics and AI platforms.
Who founded VirtualZ Computing?
VirtualZ Computing was founded by Jeanne Glass, Vince Re, Dustin Froyum, Jeanne M. Glass M.I.M. in 2018.
Who are VirtualZ Computing's investors?
VirtualZ Computing's investors include Innosphere Ventures, Next Coast Ventures, Next Frontier Capital, Florida Funders.
How much funding has VirtualZ Computing raised?
VirtualZ Computing has disclosed $6.2M raised across 4 of its 5 known rounds.
Where is VirtualZ Computing headquartered?
VirtualZ Computing is headquartered in Minneapolis, US.