Funding

Computenext raises $4M to be an Expedia for cloud computing software

Grazed from GeekWire. Author: Taylor Soper.

All the way back in October 2011, Sundar Kannan stood in a basement of the Techstars Seattle headquarters and spent one minute pitching an idea for his new company, Computenext. The startup didn’t have much to show back then, but fast forward to today and the progress is impressive. With a team of 12 based in Bellevue and more than 50 in India, Computenext just raised $4 million of a $10 million round with plans to grow quickly and rapidly in 2014.

Kannan, who formerly worked on the Windows Azure team at Microsoft, describes the company as an “Expedia for cloud computing.” At its core, Computenext is an online brokerage firm that hosts a marketplace for businesses who are both building and seeking an array of cloud services. Computenext, which also offers its own cloud solutions for specific verticals, makes money by taking a small cut from every transaction...

OwnCloud Raises $6.3M to Combine File Sharing and Privacy

Grazed from WSJ. Author: Deborah Gage.

Secure storage and sharing of data have become sensitive topics since former NSA contractor Edward Snowden last year leaked details of U.S. government snooping. But ownCloud Inc. co-founder and Chief Technology Officer Frank Karlitschek saw the danger before that.

Convinced in 2010 that new cloud computing services were a threat to security and privacy, he wrote what ultimately became ownCloud’s code, putting it into open source and gathering a community of developers around it. In 2011, ownCloud the company was formed, and it has now raised $6.3 million in Series A funding co-led by Devonshire Investors and current investor General Catalyst Partners, taking total funding to $10.1 million. Valuation is not disclosed...

Andreessen Horowitz Backs DigitalOcean, a Cloud Computing Start-Up

Grazed from DealBook. Author: William Alden.

Ben Uretsky, the chief executive of a cloud computing start-up called DigitalOcean, uttered what may be the ultimate Silicon Valley “humblebrag” when he explained why his company had to raise millions from venture capitalists just months after an earlier financing round. “The challenge was the rate of growth kept increasing,” Mr. Uretsky said in an interview.

That prodigious growth was enough to entice Andreessen Horowitz, one of Silicon Valley’s most prominent venture capital firms, to lead a $37.2 million financing round in DigitalOcean, according to an announcement on Thursday. The start-up previously announced a $3.2 million round in August...

Cloud Database Startup NuoDB Gets $14.2 Million Investment

Grazed from eWeek.  Author: Chris Preimesberger.

NuoDB, Inc., a cloud-based database startup based in Cambridge, Mass., on Feb. 28 announced that it has secured a $14.2 million investment led by European-based 3D software maker Dassault Systemes.  Also participating in the round are NuoDB's existing investors, which include Morgenthaler Ventures, Hummer Winblad Venture Partners, and Longworth Venture Partners.

NuoDB claims to provide scale-out performance, continuous availability and geo-distributed data management. This is a single, logical database that can be deployed via the cloud in multiple locations simultaneously...

Retail Cloud Software Company Ecommera Secures $41 Million to Embark on Global Mission to Reconfigure Retail

Grazed from eCommera.  Author: PR Announcement.

eCommera, a global software-as-a-service (SaaS) and big data company that was formed to help retailers profit from the move to omni-channel commerce, has announced a $41 million Series C funding round - one of the largest raises in its category.

Dawn Capital led the round together with investors West Coast Capital, Frog Capital, ePlanet Capital, WPP and new partner Wti. The funding will be used to advance global growth of a next generation "Decision Intelligent Commerce" solution built exclusively for retailers. This game-changing solution combines big data predictive analytics with online, mobile and operational software to allow retailers to sell everywhere, fulfil from anywhere and to do so profitably...

Datadog Raises $15 Million to Deliver Scalable Monitoring for Next-Generation Cloud Deployments

Grazed from DataDog.  Author: PR Announcement
 

Datadog, the SaaS-based monitoring and data analytics platform that provides a unified view of IT infrastructure today announced that it has raised $15 million in a Series B round led by OpenView Venture Partners, with follow-on investments from Index Ventures, RTP Ventures, Amplify Partners, IA Ventures and Contour Ventures. Dev Ittycheria, OpenView’s Managing Director and former Founder and CEO of BladeLogic, will join the company’s board of directors.

Datadog will use the latest financing to accelerate the development of its next-generation monitoring platform for highly scalable cloud infrastructure. The company will also be aggressively growing its engineering division and expanding its sales and marketing teams in New York and Boston to meet the increasing market demand.

Cloud Infrastructure Provider Peak Raises $4 Million in Funding

Grazed from thwhir. Author: Nicole Henderson.

Cloud infrastructure provider Peak, formerly PeakColo, announced on Thursday that it has raised $4 million in new financing to help support key partnerships and increasing demand for cloud computing services. Meritage Funds and Sweetwater Capital, both existing investors in Peak, participated in the funding round.

Peak has cloud nodes in eight locations across the US and Europe, and plans to use the funding to expand its reach and serve a larger customer base. Currently, it has cloud nodes in Silicon Valley, Seattle, Denver, Chicago, New Jersey, New York, Atlanta and the UK. Peak added its cloud nodes in Santa Clara and Atlanta at the beginning of December...

Google Ventures backs DNAnexus' $15M round for R&D cloud platform

Grazed from FierceBioTech.  Author: John Carroll.

Google Ventures has joined a group of investors seeding DNAnexus' cloud-computing services for biomedical researchers with a $15 million C round.  Mountain View, CA-based DNAnexus bills itself as a centralized hub for sorting through the virtual mountain of genetic data that is being generated, working with researchers hunting down the causes of complex diseases in search of new therapies. That's right down Google Ventures' alley. The round was also backed by Claremont Creek Ventures, TPG Biotech, and First Round Capital.

Just weeks ago DNAnexus joined with Amazon ($AMZN) and Baylor College of Medicine to update researchers on a huge sequencing program aimed at understanding the genetics involved in heart disease and aging. Hundreds of scientists have sequenced thousands of genomes and exomes, creating 430 terabytes of data, which the consortium provides tools and cloud services to analyze in search of the genetic causes of diseases...

OwnCloud Raises $4.4M to Expand Sales and Marketing

Grazed from TalkinCloud. Author: CJ Arlotta.

OwnCloud enables choice of storage, public or private. Cloud-based file sync and share technology provider ownCloud has raised $4.4 million of a proposed $7 million round of funding. The round of funding was disclosed in an SEC filing this week by OwnCloud. The funding will be used for the company's sales and marketing, and developer organizations, a company spokesperson told Talkin' Cloud.

An ownCloud spokesperson told MSPmentor explained the company's differentiation from other vendors such as Box or Dropbox in the following way:...

Read more from the source @ http://talkincloud.com/cloud-computing/owncloud-raises-44m-expand-sales-and-marketing

Apprenda Scores C Round - Is PaaS Finally Here?

Grazed from Forbes. Author: Ben Kepes.

Platform as a Service (PaaS) has long been heralded as the next big wave for cloud computing (disclosure, I’m an adviser to ActiveState, a PaaS vendor). Distinct from the more readily understood (and more broadly adopted) Infrastructure as a Service, PaaS provides higher value to organizations by abstracting more non-core technological requirements away from the business.

PaaS offerings further facilitate the deployment of applications when compared to IaaS since they not only take care of the infrastructure-level requirement but also offer further integrated services and the application development platform. It’s fair to say though that PaaS brings with it some broader concerns than the more simple IaaS – concerns have long been raised about the amount of lock-in that PaaS vendors create for their customers – one of the earlier PaaS offerings, Force.com is often complemented in one breath for the way it democratizes development, but criticized in the other breath for the lock-in that it creates...