Bitium Closes $2.4M Seed Round for SaaS Operating System
Grazed from MarketWire. Author: PR Announcement.
Today Bitium announced a $2.4M seed round for the first Software-as-a-Service (SaaS) operating system. The round was led by Mike Hirshland of Resolute VC and features an all-star list of investors including Alex Bard (Desk.com); Michael Lazerow (Buddy Media); former SVP of Strategy for Microsoft, Hank Vigil; Rob Glaser (Real Networks); seasoned SaaS entrepreneurs Hiten Shah (KISSmetrics) and Sean Ellis (Qualaroo); and Southern California funds Double M Partners, Social Leverage and Karlin Ventures.
In today’s era of cloud computing, software is developed for Web browsers instead of desktops. SaaS apps exist in independent silos and don’t function together like they do in Microsoft Windows or Mac OSX. Furthermore, employee adoption of Web apps is on the rise and a challenge for companies to manage. Consider the statistics; according to Gartner Research, worldwide SaaS revenue will reach $22.1 billion by 2015…


Midokura, a global startup focused on network virtualization, today announced the general availability of MidoNet. MidoNet virtualizes the network stack for cloud platforms, such as OpenStack. First introduced last Fall to the U.S. market, this solution has been in development for three years. MidoNet is a distributed, decentralized, multi-layer software-defined virtual network solution specifically designed for Infrastructure as a Service (IaaS). Midokura’s approach not only adds automation that significantly reduces the human cost (OPEX) of managing the network, but also impacts the overall economics of cloud computing (CAPEX) by simplifying network requirements.
The OpenStack Summit is "going enterprise" according to the opening keynote session that featured cloud user case studies from Comcast, Bloomberg, Best Buy (NYSE:BBY) and Hubspot. Rackspace (NYSE:RAX) Senior VP Jim Curry said this is "the year of the user" for OpenStack. Next up is a Red Hat (NYSE:RHT) keynote. The overall big theme: OpenStack is more than a developer movement; it’s also ready to help enterprises and cloud services providers (CSPs) that want to make money, according to keynote speakers. Here’s a keynote recap.
CentriLogic, a trusted provider of international hybrid hosting and data center solutions, today announced its enhanced International multi-zone Infrastructure-as-a-Service (IaaS) Cloud offering. The improved cloud service provides organizations with elastic and on-demand computing infrastructure featuring multiple cross-border availability zones provisioned from CentriLogic’s owned and operated data centers in Canada and the United States.
CopperEgg Corp., a leading cloud monitoring and analytics company, today announced a new