Cloud Computing Vendors Ring In New Year With Big Funding, Investment Boosts


 

And cloud computing application and software company Cloudpic Global, based in Asia with R&D in the U.S., brought in $6 million in investment to continue building out cloud computing applications for the digital entertainment industry.

The recent cash infusions for Skytap, Symplified and Cloudpic follow a booming December where companies like Standing Cloud, an SMB service to install and use open-source cloud applications, and Factual, a cloud data-aggregation player, raked in $3 million in funding and $25 million in funding, respectively. In the same month, others like cloud storage player Nasuni brought home a $15 million boost, bringing its total raised to $23 million; and Cloud Engines, maker of the portable, personal storage and sharing cloud the Pogoplug, received $15 in financing from new and existing investors to expand the distribution of the Pogoplug service and devices.

Meanwhile cloud database maker Clustrix, which develops a clustered, key-value store system with its Clustered Database Systems (CDS) that is leveraged by large Web applications, took in an additional $12 million in VC cash through Series B funding in December, bringing its total haul to $30 million. Like its other well-funded cloud computing vendor brethren, Clustrix plans to flex its financial muscle to bulk up sales and marketing efforts and product development.

Mark Hill, board chairman for cloud infrastructure player BlueLock and managing partner at Collina Ventures, a private investment firm specializing in technology, said the big push to fund cloud ventures signals the market's acceptance that cloud computing will be a dominating infrastructure going forward and that buying servers will be a thing of the past.

"VCs tend to like to invest in businesses that have traction. They tend not to invest in ideas," Hill said, adding that 2010 and into 2011 showed that cloud computing is real and no longer just hype and tall talk.

Skytap CEO Scott Rosa added that the cloud computing market is at its tipping point and investors are hot on its potential growth.

"There are something like 650 to 700 VCs in North America and most of them haven't done a cloud investment," he said. "In the last two months we've had a half-dozen VCs and a number of banks approach Skytap about funding requirements. They all have money they have to put to work."

 

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