Funding

Numerify Raises $15M in Venture Capital for Cloud-based Business Analytics

Grazed from TalkinCloud. Author: CJ Arlotta.

Numerify on Wednesday said it has raised $15 million in funding to continue building out its cloud-based business analytics product portfolio. Sequoia Capital led the Series B financing round, with participation from Lightspeed Venture Partners; Amit Singh, president of Google for Work; Deep Nishar, senior vice president of products and user experience at LinkedIn; and Lane Bess, former CEO of Palo Alto Networks.

The Cupertino, California-based company provides IT business analytics through Numerify360, its cloud-native platform that assists organizations with gaining visibility into IT assets through each stage of their productive use. Numerify said it will use the additional funds to expand its marketing sales and efforts, as it seeks to double the size of the company in the next year. It also plans to fill out its suite of cloud analytics applications...

Read more from the source @ http://talkincloud.com/cloud-computing-funding-and-finance/numerify-raises-15m-venture-capital-cloud-based-business-analyti

Cloudyn Secures $4M in Series A to Expand Cloud Computing Platform Support

Grazed from TalkinCloud. Author: CJ Arlotta.

Cloudyn this week announced it has raised $4 million in financing to expand support for more more cloud computing infrastructure platforms and enhance its offering. Titanium Investments led the Series A funding round, with participation from existing investors RDSeed. This investment brings Cloudyn's total funding to $5.5 million to date. The Tel Aviv-based cloud monitoring company in September 2011 secured $1.5 million in seed financing.

Cloudyn co-founder and CEO Sharon Wagner told Talkin' Cloud that the company will "use the proceeds to expand our offering to new hybrid cloud platforms and support our growing base of clients in North America and EMEA." "Specifically, as we are seeing a nice uptake of Azure, this is an important platform that we are going to support," he said. "As part of our hybrid-cloud strategy and to expand our private cloud support, we will additionally support VMware."...

NSF's $20 Million Investment Will Fuel Cloud-Based Research

Grazed from FedTechMagazine. Author: Nicole Blake Johnson.

The National Science Foundation wants to transform the way cloud services are designed and delivered to support a new wave of applications for medical devices, power grids, transportation systems and other critical areas. NSF is funding two $10 million projects aimed at empowering “academic researchers to experiment with novel cloud architectures and pursue new, architecturally enabled applications of cloud computing,” NSF CIO Amy Northcutt wrote in a recent blog post.

“While most of the original ideas that laid the foundation for cloud computing came from the academic research community, as clouds grew in popularity, industry has more recently driven their design and use,” Northcutt explained. That’s why the NSF-funded projects will complement industry efforts...

Cloud Computing: Billionaire’s investment makes Rackspace stock jump

Grazed from BizJournals.  Author: Mike W. Thomas.

Rackspace Hosting’s stock jumped Thursday, Aug. 14, on news that hedge fund billionaire Daniel Loeb had purchased a multi-million dollar stake in the cloud-computing company.  Loeb’s Third Point LLC had purchased shares valued at $244 million by the end of June, according to a filing with the U.S. Securities and Exchange Commission, Bloomberg reports.

Rackspace recently announced a renewed focus on providing support-based cloud services to the market amid swirling speculation about a possible buyout of the company...

Read more from the source @ http://www.bizjournals.com/sanantonio/blog/2014/08/billionaire-s-investment-makes-rackspace-stock.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_sanantonio+%28San+Antonio+Business+Journal%29

Cloud Computing: Nasuni Secures $10M Additional Series C Funding

Grazed from TalkinCloud.  Author: CJ Arlotta.

Nasuni's vision of pairing on-premise hardware with cloud storage has gained more support from investors. The Natick, Massachusetts-based storage services provider this week said it has raised an additional $10 million in Series C financing, bringing the round's total to $30 million.

Previous investors Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners participated in this extension of Nasuni’s Series C funding round. A "strategic investor" also contributed funds...

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."...

Cloud Computing: Bright Computing Secures $14.5M Series B Funding

Grazed from TalkinCloud. Author: CJ Arlotta.

Bright Computing founder and CEO Matthijs van Leeuwen says his company has just closed a new $14.5 million financing round. Draper Fisher Jurvetson (DFJ) and DFJ Esprit co-led the Series B funding round, with participation from Prime Ventures and existing shareholder ING Corporate Investments.

The San Jose, California-based company develops management software for clusters, grids and clouds for storage, big data and databases. The additional funds will be used to invest in the Bright Computing team, expand the company's product line and extend its ability to serve customers, the company's CEO said this week in a company blog post...

Cloud Computing: OpenERP Becomes Odoo, Raises $10M in Funding

Grazed from TalkinCloud. Author: Chris Talbot.

Open source cloud computing is on the rise, and one vendor is hoping to take things to the next level. Odoo, formerly OpenERP, recently went through a change of name, and the company has also raised $10 million in funding to push its open source cloud marketing, but it also plans to soon release version 8 of its suite of cloud-based business services.

A media alert noted that the company has made "gentle waves" in the open source software world, but it is hoping to make a bigger splash this year. Odoo provides customers with a suite of open source business applications that are aimed at organizations with a lower level of technology experience and knowledge. Its goal is to help small and medium businesses (SMBs) with any of their online needs, from building their own websites to running ecommerce, accounting, customer relationship management (CRM), human resources, manufacturing and more...

Cloud Computing: PredictionIO Raises $2.5M For Open Source Machine Learning Server For Predictive Analytics

Grazed from PredictionIO. Author: Editorial Staff.

PredictionIO today announces the finalization of $2.5M in funding in a capital raise whose investors include Azure Capital QuestVP, CrunchFund, Stanford StartX-Fund, Kima Ventures, IronFire, Sood Venture and XG Ventures. The funding will be used to accelerate product development and marketing and sales and operations for the company’s open source machine learning server for predictive analytics.

PredictionIO aspires to fill the role in the predictive analytics space played by MySQL in the relational database space by delivering an open source platform that empowers data scientists to both leverage a pre-defined library of predictive algorithms as well as create new algorithms that they can either choose to contribute to the platform, or keep to themselves. Built using Scala, the PredictionIO platform supports JVM and Java-based code as well as backend Hadoop-based data. Typical use cases for PredictionIO’s technology include the production of personalized content and recommendation engines, as well as algorithms that predict the behavior of users and industries based on historical trends...

Cloud Migration Company, Racemi, Announces $10 Million Series C Funding

Grazed from GlobalNewsWire. Author: PR Announcement.

Racemi, a provider of automated server migration software, has closed a $10 million Series C round of venture financing. The round included new investors, led by Milestone Venture Partners, along with existing investors Harbert Venture Partners, and Paladin Capital Group.

The funds will be used to further scale Racemi sales, services and engineering to meet growing demand for its cloud migration software, which automates the process of migrating workloads to public, private and hybrid clouds. "The increasing adoption of cloud computing presents a tremendous opportunity for Racemi and this round will help accelerate our efforts to enter new markets and deliver the truly unique capabilities of our solution," said Lawrence Guillory, CEO, Racemi...