Cloud Computing Startups Raise Big Money: UPDATE 9
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This is the tenth in a continuing series on startups raising funding. The series continued…Read the previous post/s
Today, there are two startups in focus – Nivio and Clio.
Nivio (http://us.nivio.com/)
Palo Alto, California-based cloud startup Nivio recently announced the raising of $21 million from Indian consumer products giant Videocon and American private equity firm AEC Partners. While AEC Partners has a record of tech investing, this is the first such move by Videocon. In addition to the potential of this company founded in 2004, there’s a family connection at play – Saurabh Dhoot, one of Nivio’s founders, is a nephew of Videocon chairman Venugopal Dhoot, one of the richest men in India with a personal fortune of $2 billion…


