The 10 Biggest Cloud Stories Of 2011

By Andrew R Hickey CRN
4:00 PM ET Mon. Dec. 05, 2011

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8. The Cloud Funding Boom

Queue the ca-ching of cash registers that mark the intro of Pink Floyd's 1973 mega-hit "Money." In 2011, myriad cloud upstarts and startups fattened their bankrolls with help from VCs and investment firms. A host of multimillion dollar cloud investments helped get startups off the ground. Cloud storage player Box.net's investments swelled to $162 million. Boundary came out of stealth with $4 million. Intacct brought in more than $12 million and a host of others reaped the benefits of the cloud boom.

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