Cloud services firm Green Cloud raises $5.6M
Grazed from RealWire. Author: PR Announcement.
Cloud-based technology services company Green Cloud Technologies has closed on $5.6 million in new equity financing. The Greenville, S.C. company said that Millry Corporation, an existing investor and Green Cloud’s largest backer, led the series C round. The round also included other existing investors and an unnamed new strategic investor. In a February securities filing, the company reported raising $1.3 million in a round targeting up to $6 million. Since its 2011 founding, Green Cloud says it has raised $9.6 million.
Green Cloud offers “Infrastructure-as-a-Service, or IaaS. The company’s data centers house data and applications for businesses in a virtual environment that can be accessed over the Internet via any Internet-enabled device. Green Cloud said that new financing will be used for market expansion, sales and marketing and data center investments. The company this spring added North Carolina’s Research Triangle to the list markets it serves. Green Cloud also recently expanded into South Florida, Atlanta, and the Gulf Coast.



The Apache Software Foundation announced in late March that CloudStack is now a top-level project. This is a promotion from CloudStack’s incubator status, where it had lived after being released as open source by Citrix. This promotion provides additional encouragement to companies and developers looking to contribute to the project, because it validates the CloudStack community and demonstrates ongoing support under the Apache Software Foundation.