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:...

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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, 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...

LiquidM Unwraps Industry's First White-Labeled Mobile Advertising Management Platform & Announces $5M Series A Funding

Grazed from LiquidM. Author: PR Announcement.

LiquidM today announced the public availability of its white-labeled Mobile Advertising Management Platform (MAMP), which allows mobile media buyers to optimize their management processes across the full range of premium to performance advertising. To customers who care about returns, quality, and efficiency, LiquidM provides a business model-agnostic full stack to manage and optimize their mobile advertising campaigns.

LiquidM's modular, cloud-based SaaS replaces Build-Your-Own (BYO) or inadequate point solutions of ad tech infrastructure with a standardized, open platform that is customizable to individual needs. Additionally, the company is also announcing a $5M series A funding from Blumberg Capital, Earlybird, and Asset Management to fuel the growth and marketing of the product...

From funding to market share: Choosing a cloud computing startup

Grazed from TechTarget. Author: Beth Pariseau.

From AppScale to Zillabytes, a plethora of cloud computing startups have emerged in recent years. There are three ways to go from here: acquisition, IPO or failure. Thus, IT pros considering products from a cloud computing startup should also closely examine the company's funding, market segment and partner ecosystem before they buy.

Identifying the source of funding for CliQr Technologies Inc. was important for Robert Banks, director of PZFlex, a virtual prototyping company based in Mountain View, Calif. that uses CliQr's CloudCenter software to manage clouds hosted by Hewlett-Packard Co. (HP), Amazon Web Services (AWS) and Rackspace Inc...

Logentries Raises $10 Million and Names SaaS Veteran Andrew Burton as CEO

Grazed from GlobalNewsWire. Author: PR Announcement.

Logentries, a new cloud-based service provider for collecting and analyzing huge quantities of machine-generated log data, has received $10 million in Series A financing and has named Andrew Burton as president and CEO. Unlike costly log management alternatives that require advanced technical skills to use, Logentries utilizes a unique collective intelligence model to transform otherwise difficult-to-consume log data into actionable business and operational insights. Logentries will use the funds to accelerate product development and aggressively drive a go-to-market strategy. The financing round was led by Polaris Partners, along with Floodgate, Frontline Ventures, and RRE Ventures. Floodgate is a new investor joining the other firms that provided $1 million seed money in 2012.

"With big data transforming businesses of all kinds, Logentries lets customers focus on the data that matter most - the less than 1% of log entries that contain the game-changing information that's hidden among the other 99%," said Andrew Burton, president & CEO, Logentries. "I'm excited to join the Logentries team where our goal is to harness the power of log data and make it accessible to anyone."...

Cloud-based App Monitoring Platform Bugsnag Secures $1.4 Million in Seed Funding

Grazed from PRWeb. Author: PR Announcement.

Bugsnag, the cloud-based crash monitoring platform for mobile and web apps, today announced that the company has secured $1.4 million in seed funding. The round was led by Matrix Partners and included participation from top cloud and SaaS angels, including Jason Seats, founder of Slicehost, and Andy McLoughlin, founder of Huddle.

Funding will be used to further Bugsnag's leadership in app monitoring and expand the company's engineering division to keep up with rising customer demand. As the only fully cross-platform application monitoring platform, Bugsnag is committed to investing in innovation around its core platform and expanding its mobile monitoring products...

Cloud Computing: Virtustream Gets $40 Million Investment Led by Longtime Partner SAP

Grazed from TheWhir.  Author: Nicole Henderson.

Cloud provider Virtustream announced this week that it has closed a $40 million Series D investment round led by enterprise software provider giant SAP.  The investment will be used to grow capacity of IaaS growth, and be put into further developing of its xStream cloud management software for enterprise and service provider network. In 2012, Virtustream raised $15 million to help grow xStream and expand into more markets.

The investment comes after a long-standing partnership between the two companies, where SAP was both a strategic partner and customer of Virtustream.  Virtustream’s cloud software and IaaS offerings were built to serve the requirements of enterprise applications, including security, compliance, and SLAs. Its platform was one of the first to be certified to deploy the full line of SAP business applications in 2010...

RiverMeadow Software Raises $12M in Funding to Support Cloud Migration SaaS

Grazed from TheWhir. Author: Justin Lee.

Automated server migration solution provider RiverMeadow Software announced on Wednesday it has closed a $12 million Series B financing round that included investors Cisco, Violin Memory and others. The move comes a few weeks after RiverMeadow Software released version 2.0 of RiverMeadow Cloud Migration SaaS which delivers a wide range of feature and infrastructure enhancements.

The new funding will help go to support RiverMeadow’s growth as the company drives deployments of the RiverMeadow Cloud Migration SaaS with carriers and service providers around the world. “This is a significant milestone for RiverMeadow which validates the enormous potential we see for our cloud migration solution,” said Mark Shirman, CEO of RiverMeadow. “The RiverMeadow Cloud Migration SaaS has already gained tremendous traction and acceptance with many of the world’s largest cloud infrastructure manufacturers and service providers...

Business communications SaaS provider RingCentral files for a $100 million IPO

Grazed from Renaissance Capital. Author: PR Announcement.

RingCentral, which provides cloud-based phone systems to small businesses, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The San Mateo, CA-based company, which was founded in 1999 and booked $136 million in sales for the 12 months ended June 30, 2013, plans to list under the symbol RNG, but has yet to announce an exchange. RingCentral initially filed confidentially on June 24, 2013. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.