Nimbula Raises $15M in Cloud Funding
Nimbula, which touts itself as “the Cloud Operating System Company,” has announced the completion of a $15 million round of Series B financing, bringing their coffers up to $20 million. Here’s the scoop.
The company, which was formed by former Amazon Web Services executives Chris Pinkham and Willem Van Biljon, says it focuses on bringing an Amazon EC2-like approach to private infrastructure and hybrid cloud deployments.
Participating in this round of funding were new investor Accel Partners, continuing their SMB cloud investments, and new investor Sequoia Capital, with Accel Partners’ Ping Li joining Nimbula’s board of directors. Nimbula says it plans on using the money for product development and marketing.
This announcement just shows again the IT industry’s growing belief in the cloud and cloud services industries. What remains to be seen is whether this confidence is well-founded.