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Open Source: Article

Eucalyptus Closes $20M Round

The new money brings in a new investor New Enterprise Associates
By Maureen O'Gara
Article Rating:
July 5, 2010 11:30 AM EDT
Reads:
 3,408

Open source private cloud ISV Eucalyptus Systems, where ex-MySQL chief Marten Mickos is now CEO, closed on a second round worth $20 million in all of three weeks - ah, the Mickos magic - bringing total investment in the joint to $25.5 million.

The new money brings in a new investor New Enterprise Associates, which led the round and gets a board seat for Peter Sonsini, one of NEA's well-connected partners. Current investors Benchmark Capital and BV Capital - Eucalyptus still has over $3 million of their round left - also kicked in.

Marten says the money will be used mostly to double the size of the company from 25 to 50 by the end of the year. It's currently looking for a VP of marketing and someone to run professional services.

Everybody's convinced the market for private and hybrid cloud computing is poised for massive expansion.

Published July 5, 2010 – Reads 3,408
Copyright © 2010 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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