CloudBees Buzzes With $10.5 Million Cloud PaaS Funding Bump

by admin on July 26, 2011


The cloud computing funding festivities continued this week with Boston-based cloud startup CloudBees raking in $10.5 million in Series B financing to pump up its cloud Platform-as-a-Service.

The latest funding round for the 16-month-old startup, which was led by Lightspeed Venture Partners with Matrix Partners participating, adds to the $4 million CloudBees snagged in Series A funding.

CloudBees makes a platform-as-a-service for running applications in the cloud. The company said it will leverage the cash to boost its marketing and sales efforts, while also expanding product capabilities.

CloudBees’ Java PaaS is middleware that covers the complete applications lifecycle from development to production, the company said. CloudBees makes its cloud platform available to both enterprises and ISV partners and offers RUN@cloud that offers an applications service directly in the cloud and DEV@cloud for development infrastructure.

“Since our launch and initial funding in November of 2010, we have been heads down in the effort to deliver critical, first-to-market innovations for cloud-based Java development and deployment,” said Sacha Labourey, CloudBees CEO, in a statement. “We believe we have accomplished this with our PaaS platform and its unique DEV@cloud and RUN@cloud components that turbo-charge developer productivity and streamline Java application deployment with cost efficiencies that have never before been achieved. We have experienced great traction to date with our early customers and felt now was the right time to invest further in our products, our markets, and in our brand awareness.”

According to Lightspeed Venture Managing Director John Vrionis, who also joined CloudBees’ board of directors, CloudBees is in a unique position to foster Java application development in the cloud.

“They have built the first end-to-end production-ready Java platform for the cloud, and they are already demonstrating that their technology has a positive impact on the way that businesses build and deploy Java applications,” said Lightspeed Venture’s John Vrionis, in a statement.

CloudBees joins a growing list of cloud computing startups that are making a splash this year. It also joins a host of other cloud companies that have had $10 million-plus funding rounds.


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