Cloud Computing Startups Raise Big Money: UPDATE 3 This is the fourth in a continuing series on startups raising funding. You can read the first three in the series here: 1. Cloud Computing Startups Raise Big Money: UPDATE 2 2. Cloud Computing Startups Raise Big Money: UPDATE 1 3. Cloud Computing Startups Raise Big Money Today, there are two startups in focus – VMTurbo and ServiceMesh. VMTurbo (http://www.vmturbo.com/) Massachusetts-based VMTurbo announced recently that it has closed a $10 million B-round of funding, financed by returning investors Bain Capital Ventures and Highland Capital Partners, bringing total capital raised to $17.5 million. It
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Cloud Computing Startups Raise Big Money: UPDATE 2 This is the third in a continuing series on startups raising funding. You can read the first two in the series here: 1. Cloud Computing Startups Raise Big Money: UPDATE 1 2. Cloud Computing Startups Raise Big Money Today, there are two startups in focus – Dropbox and EnStratus Dropbox (http://dropbox.com) Dropbox is a cloud computing startup that has garnered a lot of attention ever since it was founded in 2007 by MIT graduates Drew Houston and Arash Ferdowsi. In fact, at one point of time, Steve Jobs had also expressed interest
Can Box.net Overtake Microsoft SharePoint? If Microsoft Windows is the dominant operating system in the world and Microsoft Office the most popular productivity suite, Microsoft SharePoint is the preeminent file sharing platform. However, after years of dominance, a new challenger has appeared in the form of Box.net. As things stand today, Box.net with 7 million customers is just a pretender to the throne occupied by SharePoint with 125 million customers. However, with Box.net’s user base increasing by 250,000 every month and its current clientele including 350 companies in the Fortune 500 list, Microsoft may have cause for worry. What’s more,
Infographic: Cloud Computing Startups & Crowd Funding Here is an infographic that helps illustrate a little more about what Crowd Funding is, and how it can help. Small cloud based businesses looking to build and market their service, may want to turn to Crowd Funding as a much needed source of funding. Source: Intuit Blog
Cloud Computing Startups Raise Big Money: UPDATE 1 Startups have always attracted pride of place on this website, and with many of them being created with astounding regularity and getting financing, this article is just the first of many updates that are sure to follow. You can read some other consolidated news articles on startups here: 1. Acquisitions of Cloud Computing Startups Speed Up 2. Cloud Computing Startups Raise Big Money Startups are no longer the domain of the young college graduate with ideas, especially in a field like cloud computing that builds on existing competencies in information technology. Consequently,
What Does Verizon Expect from the CloudSwitch Acquisition? Verizon is betting big on cloud computing. After this year’s $1.4 billion acquisition of data center operator Terremark, Verizon has once again loosened its purse strings to buy cloud computing startup CloudSwitch. The latter develops software that eases the transition of company applications from in-house servers to the cloud. So, what does Verizon expect from this acquisition? For one, Verizon expects to use CloudSwitch’s capabilities to offer its customers seamless migration to the cloud. CloudSwitch integrates with cloud providers’ public application program interfaces (APIs) to make moving an application or workload to the cloud
Cloud Computing Startups Raise Big Money Startups have been an area of focus for this website, and not without reason. With cloud computing being such a new technology, there is a lot of innovation taking place. And startups are often the birthplaces of innovation. However, innovation, like most things in life, requires money, at least initially, in order to flourish. That is where venture financing comes into play. Thankfully for cloud computing startups, there are many financiers willing to back them. Here’s a recap of some recent developments in this area. Box.net: This is a company that I had covered
Acquisitions of Cloud Computing Startups Speed Up A startup is defined as a company with a limited operating history. A startup is usually born out of an innovative idea, and the founder or founders have one of two objectives – grow the company until it is acquired, or continue to operate it themselves. When a larger company acquires a smaller one, it usually does due to one or more of the following reasons – its product, its people or its market. With cloud computing being such a new technology, there is a lot of innovation taking place. Consequently, startups have
