Million Dollar Babies: Cloud Startups Get Big Funding Bumps


Santa Clara, Calif.-based cloud storage startup StorSimple nabbed $10.5 million in Series C funding this month, led by Ignition Partners with other investors including Index Ventures, Mayfield Fund, and Redpoint Ventures, participating. Since launching in 2009, StorSimple has now raised a total of $31.5 million to fuel its cloud-based data storage software. The company said its purse will be a catalyst for the growth of the company, which has seen significant demand increases in the U.S. and internationally.

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