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Cloud: RightScale Raises $25 Million
Cloud computing management solution vendor RightScale has announced the completion of a successful round of venture funding -- to the tune of $25 million. Here’s more regarding the dollars and cents.
Matthew Weinberger
September 23, 2010
1 Min Read
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Cloud computing management solution vendor RightScale has announced the completion of a successful round of venture funding — to the tune of $25 million. Here’s more regarding the dollars and cents.The round of funding was led by Tenaya Capital, according to RightScale’s press release, but it was also joined by DAG Ventures and other current investors including Benchmark Capital, Index Ventures, and Presidio Ventures.
So what will they use the money on? RightScale plans on developing their flagship Cloud Management Platform, grow globally with focus on European and Asian markets, and attract more third-party publishers.
RightScale has been incredibly bullish on the cloud computing industry, claiming that cloud usage has gone up 1000% since last year. And it looks like that enthusiasm has rubbed off on RightScale’s investors.
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