Venture Capital

Spotinst Raises $15M A Round Led by Intel Capital and Vertex Ventures

Grazed from Spotinst

Spotinst, a leading cloud workload management company, announced today a $15M Series A financing round, led by Intel Capital and Vertex Ventures with participation from Springtide Ventures.

Spotinst makes it easy to tap unused cloud computing capacity and power. Since launching 18 months ago, the company has proven the concept by selling millions of spot Instances per week. Over the last year, Spotinst grew 30% month over month, and now manages hundreds of millions of computing hours for its customers.

Superconverged Pioneer Cloudistics Raises $15M from Bain Capital Ventures

Grazed from Cloudistics

Cloudistics, a superconverged enterprise cloud platform, today announced that it has closed $15 million in Series A funding led by Bain Capital Ventures.  Cloudistics' groundbreaking infrastructure technology, which addresses the deployment and management challenges faced by today's IT departments as they wrestle with hyperconvergence as well as public and private cloud, holds the potential to radically revolutionize the datacenter. Series A funding will be used to invest in sales, customer support, marketing, and R&D, and will enable the Company to accelerate its vision of making superconverged infrastructures ubiquitous in enterprise datacenters.

"The superconvergence of network, storage, compute, virtualization, and management in the enterprise datacenter is a $100 billion business opportunity in infrastructure technology today with Cloudistics squarely in the epicenter of this third wave of datacenter innovation," said Najaf Husain, co-founder and CEO of Cloudistics. "Our platform is completely self-contained and businesses can deploy applications and native containers within minutes. Bain Capital Ventures has a very successful track record in the infrastructure software space and we are honored to welcome them as our partner to drive the long-term success of our company."

CloudEndure Completes its Round B Investment of $13M

Grazed from CloudEndure

CloudEndure, a provider of live-migration and disaster recovery solutions, announced that it has raised an additional $6 million investment by unnamed global strategic investors, bringing the total raised in its recent Series B round to $13 million and a total funding for the company of $18.2 million. Announced earlier, CloudEndure's Series B round was co-led by Infosys, a leading information technology services provider working with the world's leading enterprises, and previous investor, Magma Venture Partners.

Cloud Computing: Qualcomm Forms Joint Venture In China to Take on Intel

Grazed from Fortune.  Author: Stacey Higginbotham.

Mobile chip giant Qualcomm is getting into the data center market with a new joint venture to design and sell server chips in China. The joint venture was announced Sunday morning in China, and brings together Qualcomm and the government of China’s Guizhou province.

A Qualcomm subsidiary will own 45% of the newly formed company and the Guizhou government owns 55% for a total value of RMB 1.85 billion, or about $280 million.  As part of this deal with the province Qualcomm will also establish an investment company in Guizhou that will serve as the vehicle for future investments in China...

Cloud Computing: What’s big in venture capital - Security, security, security

Grazed from GigaOM.  Author: Derrick Harris.

Steve Herrod has seen a lot in the enterprise IT space, having spent 12 years at VMware — the last several years as CTO and vice president of R&D — before leaving in 2013 to join venture capital firm General Catalyst Partners.

And right now, after seemingly dozens of high-profile cyberattacks in as many months, Herrod has security on his mind. He came on the Structure Show podcast this week to tell how he’s thinking about that space...

Venture capitalists head for the cloud

Grazed from WhaTech. Author: Editorial Staff.

Cloud computing has topped the list of industry sectors in which venture capitalists feel most confident about investing, for the second year in a row, according to the 2014 Global Venture Capital Confidence Survey, from Deloitte and the US based National Venture Capital.

The tenth annual survey, conducted in May and June of 2014, questioned more than 300 venture capital, private equity and growth equity investors in the Americas, Europe, Asia and Africa. It sought to assess investor confidence in the global venture capital environment and understand market factors shaping industries and investments in specific geographies and industry sectors...

VC investors choose cloud computing, mobile tech

Grazed from CNet.  Author: Dara Kerr.

Venture capital investor confidence is on the up and up, and they're setting their sights on the tech world, according to a new survey by the National Venture Capital Association and Deloitte.  The two firms released the results of their annual Global Venture Capital Confidence survey on Wednesday, which shows that investors are increasingly being drawn to top categories in the tech industry, including cloud computing, mobile tech, and robotics.

"It's very positive results on the market overall, and very positive on tech," Jim Atwell, national managing partner for Deloitte's Emerging Growth Company, told CNET. "Tech companies are the sectors that have the most confidence the most excitement around them."...

Databricks announces a Spark cloud and $33M in venture capital

Grazed from GigaOM. Author: Derrick Harris.

Databricks, the company trying to commercialize the Apache Spark data-processing framework, announced on Monday at the second-annual Spark Summit that it has raised $33 million in series B venture capital, and is rolling out a cloud computing service for easily creating, deploying and running Spark workloads. NEA led the funding round, which also included existing investor Andreessen Horowitz and follows up on a $14 million series A round in September 2013.

While the pace and amount of Databricks’ fundraising is impressive, the new service, called Databricks Cloud, is the real big deal here. It gives a lot of guidance as to the company’s plan for making money from Spark — a plan that includes a lot more than just certifying applications to run on Spark, and providing enterprise support and certification to Hadoop vendors that support it...

ClearDATA Secures Funding from Norwest Venture Partners for Healthcare Cloud Computing

Grazed from ClearData.  Author: PR Announcement.

ClearDATA Networks, Inc., the leading healthcare cloud computing platform and service provider, today announced it has secured funding from Norwest Venture Partners (NVP) and several industry angel investors. The company has demonstrated strong revenue growth through its existing customer base which ranges from single provider practices to small and large hospitals throughout the U.S...

Over the past three years, ClearDATA has entered into several strategic partnerships and currently provides cloud hosting and information security services to over 10,000 healthcare practitioners. The funding will be used to grow the companys products and presence in order to meet the increasing demand for its secure, HIPAA-compliant cloud computing services in the healthcare industry...

Cloud Computing: Aereo’s court case chills startup cash

Grazed from TheBostonHerald.  Author: Jordan Graham.

Aereo’s landmark Internet broadcast Supreme Court case is casting a pall over venture funding for the cloud computing industry, experts are warning.  “The mere existence of this will make it much harder to raise funding, because the risks have gone up,” said Michael Davies, chairman and founder of Endeavor Partners, a Cambridge consulting firm for technology companies.

Last week, the Supreme Court heard the case in which Aereo defends its right to grab television broadcast signals and stream TV through the cloud to users for a small fee of about $8 a month — and without paying retransmission fees. Aereo, run by founder and CEO Chet Kanojia, contends its antennas are no different than old-fashioned rabbit ears and its service constitutes what is legally known as a “private performance.” Broadcasters contend the business is offering a “public performance” and the company is violating copyright...