Funding

Threat Stack Secures Additional $5M in Funding to Protect Cloud Environments from Intrusions & Data Loss

Grazed from BusinessWire.  Author: PR Announcement.

Threat StackThreat Stack, the provider of security solutions purpose-built for the Cloud, has raised an additional $5M in funding from Atlas Venture and .406 Ventures. The additional funding will be used to further develop and commercialize Threat Stack’s cloud security monitoring service, which officially launched last month, and expand its footprint with customers using Amazon Web Services.

Threat Stack’s Software-as-a-Service (SaaS) provides continuous security monitoring on application workloads, helping companies detect malicious activity and protect their systems from intrusions and data loss. Optimized for the cloud, Threat Stack uses a lightweight agent on the host to enable fast deployment, auto-scaling and flexibility in elastic environments. After a highly successful and over- subscribed beta program, Threat Stack launched on-stage in November at Amazon CTO Dr. Werner Vogel’s Start-up Launch keynote during the AWS re:Invent Conference...

Altiscale raises $30M, now managing petabytes in its Hadoop cloud

Grazed from GigaOM.  Author: Derrick Harris.

Altiscale, the Hadoop-as-a-service startup started by ex-Yahoo CTO Raymie Stata, has raised a $3o million series B round of venture capital led by Northgate, as well as previous investors Sequoia Capital and General Catalyst Partners. The company has raised a total of $42 million since it was founded in 2012.

Stata said the company, which essentially sells full-on managed Apache Hadoop (as well as Storm, Spark and other ecosystem technologies), now has a couple dozen customers running production Hadoop clusters that average about 100 terabytes. Altiscale’s platform became generally available in January 2014...

Xiaomi founder to invest US$1 billion in cloud computing market

Grazed from ChinaTimes.  Author: Editorial Staff.

The first batch of the US$222 million investment in the 21Vianet Group, a leading carrier-neutral internet data center services provider in China, has signaled the intention of Lei Jun, founder and CEO of handset maker Xiaomi, to make major inroads into the cloud computing sector, according to the Beijing-based Caixin Online.

On Dec. 1, 21Vianet announced an investment of US$296 million to buy 69.9 million Class A and 128.8 million Class B ordinary shares in Kingsoft Corporation, Xiaomi and Temasek, a Singapore-based sovereign wealth fund...

Five Cloud Computing Funding Stories You Might Have Missed

Grazed from TalkinCloud. Author: CJ Arlotta.

Each week Talkin' Cloud compiles a list of cloud computing financing stories for readers who might have missed the news earlier in the week. This week's column features funding news from ThinkingPhones, Tute Genomics, 21Vianet Group, ThreatStream and SimplyTapp. These stories have been gathered from Talkin' Cloud's article database and other media sources. If we missed something, feel free to leave a comment below. We might just add it into the mix. Here's this week's list of 5 Cloud Computing Funding Stories You Might Have Missed, December 5.

ThinkingPhones Raises $56.7M for Cloud-Based Unified Communications Suite. ThinkingPhones on Wednesday announced it has raised a $56.7 million round of financing for its cloud-based unified communications suite. Technology Crossover Ventures led the Series D round of funding, with participation from existing investor Bessemer Venture Partners. The additional funds bring the company's total financing to date to $89 million...

Read more from the source @ http://talkincloud.com/cloud-computing-funding-and-finance/12052014/5-cloud-computing-funding-stories-you-might-have-missed-nov-21-0

Peak Raises $9M in Funding for Cloud-based IaaS Platform

Grazed from TalkinCloud. Author: CJ Arlotta.

Peak on Wednesday said it has raised $9 million in funding to assist channel partners with leveraging cloud-based infrastructure as a service (IaaS). The Denver-based company enables resellers and agents to white-label Peak's cloud services as their own. It delivers on-demand computing, network and storage resources to customers offering services.

The company said it expects to leverage the additional funds to accelerate demand for its cloud computing platform, and fuel product development and innovation. Existing investing partners Meritage Funds and Sweetwater Capital led the Series A round, with participation from new investor Ares Capital. Peak has raised a total of $16 million in financing since December 2013...

Read more from the source @ http://talkincloud.com/cloud-computing-funding-and-finance/111214/peak-raises-9m-funding-cloud-based-iaas-platform

Mirantis Secures $100 Million for OpenStack Cloud Development

Grazed from TheVarGuy. Author: Christopher Tozzi.

Mirantis, which describes itself as the leading "pure-play" OpenStack cloud computing company, today received its strongest affirmation yet with the announcement of $100 million in series B funding, which makes Mirantis the recipient of the largest investment of its kind in open source history.

Mirantis says the funding will allow it to double the size of its engineering resources for developing its OpenStack distribution, Mirantis OpenStack, which it promotes as the best vendor-neutral, lock-in free OpenStack platform. The financing will also support further investment in the company's other OpenStack products and services, including its rivate cloud-as-a-service platform, Mirantis OpenStack Express...

Snowflake Raises $26M, Introduces Cloud-based Elastic Data Warehouse

Grazed from Talkin Cloud. Author: CJ Arlotta.

Snowflake Computing is coming out of stealth mode with a big name CEO, new venture capital financing, and a plan to reinvent the data warehouse for the cloud. Redpoint Ventures led the Series B funding round, with participation from Sutter Hill Ventures and Wing Ventures. This round brings the company's total financing to date to $26 million.

Snowflake said it plans to use the new financing to expand its engineering and sales organization, and scale the company by putting in place the right systems and teams. "We are working closely with partners in the data warehousing space, particularly companies that provide business intelligence and extract-transform load solutions to customers," said Bob Muglia, CEO at Snowflake...

Cloud Computing: Loggly Secures $15M Venture Round, Releases DevOps Troubleshooting Tool

Grazed from TalkinCloud. Author: CJ Arlotta.

Loggly has secured $15 million in new venture funding from private equity firms, and it has also released a new solution that aims to reduce the time developers spend on identifying and troubleshooting problems. Headquartered in San Francisco, the cloud-based log management solutions provider on Tuesday said it plans to use the additional funding to "support its areas of differentiation," which include engineering, sales and marketing.

Harmony Partners led the Series C financing round, while existing investors Matrix Partners, Trinity Ventures, Cisco (CSCO), Data Collective and True Ventures all increased the size of their investments. This funding round brings the company's total financing to date to $33.4 million. Loggly received $8 million in Series B funding from investors in September 2013...

Read more from the source @ http://talkincloud.com/cloud-computing-funding-and-finance/101414/loggly-secures-15-series-c-financing-releases-problem-solving-so

Cloud Computing: SolidFire announces new funding, new storage nodes, but no plans for IPO

Grazed from CloudTech. Author: James Bourne.

Flash storage provider SolidFire has beefed up its funding pool with a series D round of $82m, bringing its total up to $150m. The funding was led by Greenspring Associates, a new investor, along with current investors NEA, Novak Biddle, Samsung Ventures and Valhalla Partners. SolidFire says the new funds will be part of a global push and to advance its all-flash storage architecture.

“Series D financing for SolidFire is important,” Jay Prassl, SolidFire VP marketing, told CloudTech. “When you’re building an infrastructure company and a storage company like SolidFire, it’s a capital-intensive business. “This D round funding is very important because it puts SolidFire very much on a path to profitability,” he added...

Netuitive Secures $6.5M for Cloud-based IT Analytics Platform

Grazed from TalkinCloud.  Author: Editorial Staff.

Netuitive this week said it has secured an additional $6.5 million in equity financing to accelerate the go-to-market strategy for its cloud-based IT analytics platform.

The Reston, Virginia-based technology provider that assists enterprises with managing the performance of critical business services and apps said its new product platform enables the cloud delivery of its behavior learning technology for both enterprise IT operations and the growing DevOps community...