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Cloudscaling Closes $10 Million Series B Funding

Partners Seagate and Jupiter new investors

This is a Press Release edited by StorageNewsletter.com on 2013.05.23
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Founded in 2066 in San Mateo, CA, Cloudscaling, Inc., the elastic cloud company, has closed its Series B funding with Trinity Ventures and two new investors, Juniper Networks, Inc., through its Junos Innovation Fund, and Seagate Technology LLC.

The new round raised $10 million.

In April, Cloudscaling announced Open Cloud System 2.5, an OpenStack-powered cloud infrastructure system. At the same time, Cloudscaling signaled the first step of its partnership with Juniper through the integration of Juniper's virtual network control (VNC) technology, JunosV Contrail, into Open Cloud System (OCS). OCS is a turnkey, OpenStack-powered cloud infrastructure system for enterprises, SaaS providers and cloud service providers. Cloudscaling and Juniper plan to continue delivering joint networking solutions that are open and standards-based to support elastic cloud services and a new generation of enterprise workloads.

Cloudscaling also joined the Seagate Cloud Builder Alliance Partner program in April. As part of the program, they are focused on the development of optimized storage solutions for OpenStack-powered cloud infrastructure.

Since Q1 of this year, Cloudscaling has secured customer wins with LivingSocial, EVault, Ubisoft and DataFort, launched a channel partner program and announced support for OpenStack Grizzly in the third generation of OCS technology, Open Cloud System 2.5.

"This financing round caps a tremendous year of momentum for the company. That momentum affirms the voice of the market, clearly stating that customers want more than OpenStack. They want an on-premise, OpenStack-based private or public cloud turnkey system solution that delivers architectural and behavioral fidelity with major public clouds like Amazon Web Services. Our Open Cloud System product delivers on that need to enable hybrid cloud application deployments that span private and public cloud services," said Michael Grant, CEO, Cloudscaling.

"Cloudscaling has executed on a vision of elastic cloud infrastructure as a turnkey solution that many agree with but few have delivered. The team has gained new customers and partners at an accelerating pace, highlighting their success at tapping an emerging, growing need among enterprise, SaaS and service provider segments," said Dan Scholnick, general partner, Trinity Ventures.

"Juniper Networks and Cloudscaling share a vision of how cloud infrastructure should be built and operated to support a new generation of cloud-aware workloads. Collaborating to integrate our technology into OCS was just the first step. We are excited to continue our work with Cloudscaling and support the company as a strategic investor," said Jeff Lipton, VP, venture and strategic investments, Juniper Networks.

"Seagate and Cloudscaling are working together on innovative solutions of jointly-optimized cloud systems supported by Seagate products. We are pleased to deepen our relationship with them as an equity investor and be part of a collaborative effort to define and promote open source standards for cloud computing," said Rocky Pimentel, EVP and chief sales and marketing officer, Seagate.

 
Read also:
Cloudscaling and Seagate Partner
Delivering elastic cloud infrastructure based on OpenStack

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