Tech Sector: Cloud Computing
Key Product: DotCloud Platform-as-a-Service
DotCloud won $10 million in funding in March from noted VCs Benchmark Capital and Trinity Ventures for continued development of its Platform-as-a-Service for cloud application development.
The San Francisco-based company also announced the addition of Jerry Yang, Yahoo co-founder, and Marc Verstaen, engineering manager at Apple, to its board of directors.
"A new breed of application platform tools is emerging,” said Yang of the startup. “By combining old technologies and approaches with the flexibility needed in today's landscape, DotCloud will set a new standard for building applications in the cloud."