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Metacloud, which gives customers private clouds that can integrate with Amazon's public cloud, announced today that it has raised another $15 million in Series B funding. This brings the Pasadena-based company’s total funding to $27 million.
Founded in 2011 by Sean Lynch and Steve Curry, Metacloud is built on OpenStack, the cloud computing software that was originally developed by Rackspace and NASA and then put into open source. It’s now supported by a community of more than 300 vendors and is able to interface with Amazon Web Services, which is Amazon’s public cloud.
The company will use the new funding round to capitalize on its market momentum by expanding its talented team, which has already more than doubled over the past year, and to accelerate the evolution of its product platform.
“We see this round as further validation of both our business model and our technological capabilities,” said Curry. “We have filled a significant market gap by offering solutions that combine the convenience of public cloud with the security, predictability, and economic advantages of private cloud. And the market is responding. Our install base has doubled over the last quarter, and our average customer grows by 10 percent month over month,” he added.
This funding round included new investors Pelion Venture Partners, Silicon Valley Bank and UMC Capital, as well as prior investors AME Cloud Ventures, Canaan Partners and Storm Ventures.
“With this round, Metacloud establishes itself as a company that has arrived,” said former Yahoo! CEO and current partner of AME Cloud Ventures, Jerry Yang. “They are in a large and competitive market, but they have all the ingredients to be big winners and we are excited at the opportunity to reinvest in their future.”
Photo: Cloud with ladder via Shuttershock
