Nimbula raises $15M to expand cloud service

Nimbula, a provider of cloud-computing services, raised an additional $15 million in venture capital funding in a second round led by Accel Partners on Monday. It plans to use the money to promote market adoption of its on-demand computing service.

Accel Partners snagged a spot on the company’s board of directors, which will be filled by the Accel partner Ping Li, a cloud-computing specialist who has also backed Cloudera and BitTorrent, among others.

Press Release Reuters

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