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Cloud Startups Reel In Funding; Cloudflare Leads Pack With $150M

The cloud market continues to attract major investment from venture capital and private equity firms as companies try to grab a piece of the estimated $1 trillion in enterprise information technology spending this year.

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The Cost Of Cloud

Cloud startups and vendors continue to attract interest from venture capital and private equity firms so far this month as enterprise information technology spending shifts to cloud-based offerings.

Cloudflare, a San Francisco cloud network platform, is leading funding recipients with a $150 million round.

At stake is a piece of the estimated $1 trillion in enterprise information technology spending this year forecast by Gartner, the Stamford, Conn., research firm.

Other companies scoring funding include Tetrate, Sharpen Technologies, MegazoneCloud, Impact, Velosio, Jargon, Functionize and Scytale, while Mission, a Los Angeles managed cloud and consulting company, secured an $8 million line of credit.

 
 
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