RightScale Lands $25M to Further Fund its Cloud Platform
RightScale, a cloud computing company, has secured another $25 million in funding. This investment round was led by Tenaya Capital ( specializing in high-growth technology investments as software, consumer Internet, communications, semiconductors, electronics, and cleantech). Other investors included DAG Ventures, Benchmark Capital, Index Ventures and Presidio Ventures.
The funds will primarily be used for the development of the RightScale Cloud Management Paltform. The aspirations of the CEO were expressed as follows:
“This represents a resounding validation of RightScale’s leadership in cloud management and our tremendous potential for expansion in the fast-evolving cloud computing market,” said Michael Crandell, RightScale CEO. “We will continue to drive innovation in cloud automation and workflow, add to our current enterprise capabilities, and enhance our RightScale publishing program. In addition, we plan to expand our support for new public and private cloud infrastructures globally, including accelerating our existing operations in Europe and Asia.”
RightScale is one of the most prominent players in the SaaS Cloud Computing Arena. They specialize in cloud computing solutions for business-critical applications. They make it simple for companies to develop and deploy scalable,cost-effective IT- infrastructure on the cloud. Till date, they boast of over thousands of deployments and more than 1000,000 server launches.
With continuous pouring of capital into the Cloud Computing Engine, it seems that this is one trend that will stay for a long time. Rather it is the future of computing, giving integral importance to scalability, portability and mobility. More cloud coverage is going on this week at Oracle OpenWorld, which we’re covering extensively at SiliconAngle.tv.
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