Each week Talkin' Cloud compiles a list of cloud computing financing stories for readers who might have missed the news earlier in the week. This week's column features funding news from SwiftStack, GreenQloud, Krimmeni Technologies, Xplenty and Bracket Computing.
These stories have been gathered from Talkin' Cloud's article database and other media sources. If we missed something, feel free to leave a comment below. We might just add it into the mix.
Here's this week's list of 5 Cloud Computing Funding Stories You Might Have Missed, October 31.
Software-Defined Storage Company SwiftStack Raises $16M. The San Francisco-based software-defined storage company has secured $16 million in Series B financing from OpenView Venture Partners, Mayfield Fund, Storm Ventures and UMC Capital. The new investment boosts SwiftStack's total funds raised to $23.6 million. SwiftStack released its OpenStack Swift-based object storage platform in July 2013.
GreenQloud Raises Additional Funding for IaaS-based Virtual Servers, Data Storage Solutions. The company did not disclose the size of the investment. Novator led the financing round, with participation from existing investors Keel Investments and Nýsköpunarsjóður atvinnulífsins. This new investment brings the GreenQloud's total funding to date to approximately $10 million.
Krimmeni Technologies Secures $11.7M for Cloud-based Data Centers, IoT. The Austin, Texas-based cybersecurity startup said it has raised $11.7 million to assist with developing additional security solutions for cloud-based data centers and the Internet of things (IoT) market. Third Point Ventures and Pelion Venture Partners led the Series A financing round. These additional funds bring the company's total financing to date to $12.9 million. David Lundgren, CEO of Krimmeni, told Talkin' Cloud that the company has no current plans to acquire additional financing.
Xplenty Raises $3M for Cloud-Based Enterprise Hadoop. The cloud-based data analytics startup has raised $3 million for marketing and advancing its product. Xplenty will also be using the money to expand its user base to clouds other than AWS. The company's platform enables users to transform structured and semi-structured data into business insights
Bracket Computing Raises $85M for Cloud Infrastructure Service. The Sunnvale, California-based cloud infrastructure services company has raised more than $85 million. Bracket Computing said it will leverage the financing to develop its services, which aims to bring security, storage, compute and networking together in an encrypted software system.