PrivateCore Secures $2.25 Million in Seed Funding Led by Foundation Capital
PrivateCore, an early-stage private computing company, today announced that it has raised $2.25 million in seed funding from Foundation Capital. Building software solutions that address the privacy concerns surrounding public cloud computing infrastructure, PrivateCore will use the new funds to expand its core development team with top virtualization and security engineering talent.
"Our vision for PrivateCore is based on a different cloud computing model – one where cloud infrastructure can be leveraged without the need to delegate control over physical safeguards to service providers," said Oded Horovitz, CEO at PrivateCore. "Our technology solves the Infrastructure-as-a-Service privacy problem and will ultimately lead to the ‘Death of the Server Cage’. It is a very exciting time for us as we begin building out our development team with the best virtualization and security experts interested in this kind of challenging engineering opportunity."


Dell Boomi on Tuesday announced an improved cloud integration platform that helps organizations modernize, simplify and manage their changing IT environments. Dell Boomi AtomSphere Summer 12 expands application and data integration capabilities, enhances security and offers Boomi Assure, crowd-sourced regression testing. According to Rick Nucci, General Manager, Dell Boomi, "AtomSphere Summer 12 release addresses the concerns that IT leaders face when it comes to application and data integration."