OpenStack company Nebula shutters

April 2, 2015 Off By David
Object Storage

Grazed from NetworkWorld. Author: Brandon Butler.

One of the first casualties of the OpenStack world is Nebula, a company founded by a of the pioneer of the open source cloud computing movement. Nebula posted an announcement on its website yesterday announcing it is shutting down. Chris Kemp, the former CTO for IT at NASA where much of OpenStack’s code was initially developed, founded the company in 2011.

Analysts say the move is not indicative of larger problems within the OpenStack community, but rather reflects the difficulties startups will have in competing with large name-brand vendors who are able to commit the resources needed over a long period of time to this still maturing market…

Nebula was one of the first pure-play OpenStack companies and during the past four years has received more than $38 million in funding, according to CrunchBase; the company lists Kleiner Perkins Caufield & Byers and Highland Capital Partners as some of its investors…

Read more from the source @ http://www.networkworld.com/article/2905673/cloud-computing/openstack-company-nebula-shutters.html