Million Dollar Babies: Cloud Startups Get Big Funding Bumps


Bromium came out of stealth mode this month at the Structure conference in San Francisco and announced that its first funding round brought in $9.2 million from high-tech investors Andreessen Horowitz, Ignition Partners and Lightspeed Venture Partners. Founded by a trio of tech powerhouses -- Gaurav Banga, formerly of Phoenix Technologies Ltd.; and Simon Crosby and Ian Pratt, formerly of Citrix Systems -- Bromium focuses on two key trends dominating IT: consumerization and cloud computing. The company said its virtualization technology will be a key driver. Bromium plans to use the funding to develop technologies that will help build a trustworthy computing infrastructure amidst the increase in consumer-driven devices, applications and networks; and the vulnerabilities introduced by cloud computing. The Cupertino, Calif.-based company is expected to launch a product in the second half of 2011.

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