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Cloud Expo: Article

Cloud Expo Bronze Sponsor RightScale Gets $25M Round

Cloud management platform provider closes a new round of venture funding led by Tenaya Capital
By Jeremy Geelan
Article Rating:
September 22, 2010 11:30 AM EDT
Reads:
 13,853

"This represents a resounding validation of RightScale's leadership in cloud management and our tremendous potential for expansion in the fast-evolving cloud computing market," said Michael Crandell (pictured), CEO of RightScale this week, as the company announced that it has closed a new round of venture funding led by Tenaya Capital and joined by DAG Ventures and other current investors – Benchmark Capital, Index Ventures and Presidio Ventures.

"We will continue to drive innovation in cloud automation and workflow, add to our current enterprise capabilities, and enhance our RightScale publishing program,"Randall - who is also speaking at Cloud Expo Silicon Valley - continued.

He added:

"In addition, we plan to expand our support for new public and private cloud infrastructures globally, including accelerating our existing operations in Europe and Asia."

"RightScale has established a clear leadership position in cloud computing management, a critically important part of the cloud ecosystem," said Brian Melton, managing director of Tenaya Capital. "The company has built an enthusiastic customer base through a commitment to customer success, an institutional knowledge of best practices and an elegant technology that simplifies complex management tasks. We are excited to have the opportunity to fund RightScale's continued rapid growth."


RightScale staffers at Cloud Expo in 2009 sported popular "No Hype!" t-shirts.

Published September 22, 2010 – Reads 13,853
Copyright © 2010 SYS-CON Media, Inc. — All Rights Reserved.
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More Stories By Jeremy Geelan

Jeremy Geelan is Chairman & CEO of the 21st Century Internet Group, Inc. and an Executive Academy Member of the International Academy of Digital Arts & Sciences. Formerly he was President & COO at Cloud Expo, Inc. and Conference Chair of the worldwide Cloud Expo series. He appears regularly at conferences and trade shows, speaking to technology audiences across six continents. You can follow him on twitter: @jg21.

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