Million Dollar Babies: Cloud Startups Get Big Funding Bumps


Bromium

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.