Cloud computing company Luminal raises $20 mln, changes name to Fugue
January 15, 2016
Grazed from PEHub. Author: PR Announcement.
Fugue (formerly Luminal), a Maryland-based startup developing an infrastructure-level operating system for cloud computing, announced it has closed a $20M Series C financing round, led by New Enterprise Associates (NEA). Previous investors, including Core Capital, also participated in the round. This brings the total amount of financing to $34M. The company also announced its name change to Fugue [few-g], which is the name of its cloud operating system.
The rapid adoption of cloud computing brings new challenges as applications have become distributed and infrastructure has proliferated. Fugue reins in this complexity and simplifies operations by building, enforcing, and optimizing cloud infrastructure, continuously and automatically. Fugue can be used to operate cloud-native workloads and to migrate and run traditional datacenter applications in the cloud. It will initially operate workloads on Amazon Web Services…
“Until now enterprises have realized only a fraction of the cloud’s benefits, because increasing adoption has meant greater complexity,” said Harry Weller, General Partner at NEA. “To unleash the power of the cloud, management must be simple, automated, and provide a high level of control. Fugue’s radically new approach to managing cloud infrastructure is the missing piece that will redefine the value proposition for businesses and spur the next wave of cloud adoption.”…
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