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...

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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...

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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...

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...

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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...

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