Cloud Computing Startups Raise Big Money: UPDATE 1

Cloud Computing Startups Raise Big Money: UPDATE 1

Startups have always attracted pride of place on this website, and with many of them being created with astounding regularity and getting financing, this article is just the first of many updates that are sure to follow. You can read some other consolidated news articles on startups here:

1. Acquisitions of Cloud Computing Startups Speed Up

2. Cloud Computing Startups Raise Big Money

Startups are no longer the domain of the young college graduate with ideas, especially in a field like cloud computing that builds on existing competencies in information technology. Consequently, executives with years of experience have started to join hands and start companies in this space; because of their backgrounds, venture capital is also easier to come by.

In addition to the ones in the aforementioned articles, here you can read about two of them that have garnered a lot of attention in recent times:

1. What Bromium’s Funding Means for Cloud Security

2. The Hottest New Cloud Computing Startup: Nebula

Now, a senior executive has come out of retirement to enter the cloud computing space, and raised big money as well. Sandra Kurtzig, founder of Ask Group that was later sold to Computer Associates, has come out of retirement to start Kenandy Inc. (http://www.kenandy.com/), so named after her sons Ken and Andy. The company intends to provide a cloud-based solution that aids collaborative manufacturing for globally distributed operations and supply chain networks. Kenandy recently announced Series A funding of $10.5 million from top VC Kleiner Perkins Caufield & Byers, who were accompanied by premier Silicon Valley law firm Wilson Sonsini Goodrich Rosati and cloud computing giant Salesforce.com.

Having previously built Ask Group into a $450 million-company dealing in manufacturing management software, Kurtzig has the domain experience to make a success out of her venture. And with friends like Marc Benioff, Salesforce.com CEO and someone whom she credited as influencing her decision, Kenandy may well turn out to be a future star in the industry.

The second company on our list is New York-based Apprenda (http://apprenda.com/), a company that, in its own words, provides a PaaS software stack that can be deployed “in traditional datacenters, on top of virtualization, and in the cloud.” Its applications are based on Microsoft’s .NET framework and have been successfully installed more than 2000 times.

Recently, tech VC Ignition Partners led a $10 million round of funding in Apprenda. Frank Artale, managing director at the VC and advisor to Apprenda for the last five years, will join the Board.

Apprenda has a growing customer base and a scalable business model to help grow into an extremely profitable business as they are solving a key need for enterprises. This is an exciting time for Apprenda as they are rapidly expanding and have an incredibly talented management team and group of engineers. I look forward to working closely with the team as a member of the board of directors,” he said.

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/
FacebookTwitterLinkedInGoogle+Share

3 Responses to Cloud Computing Startups Raise Big Money: UPDATE 1

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Advertising Programs

Click To Find Out!

Sponsored Posts

Sponsored Posts

CloudTweaks has enjoyed a great relationship with many businesses, influencers and readers over the years, and it is one that we are interested in continuing. When we meet up with prospective clients, our intent is to establish a more solid relationship in which our clients invest in a campaign that consists of a number of

Popular

Top Viral Impact

Cloud Computing Adoption Continues

Cloud Computing Adoption Continues

Cloud Computing Adoption Continues Nowadays, many companies are changing their overall information technology strategies to embrace cloud computing in order to open up business opportunities.  There are numerous definitions of cloud computing. Simply speaking, the term “cloud computing” comes from network diagrams in which cloud shapes are  used to describe certain types of networks. All

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs

Cloud Infographic – Cloud Computing And SMEs SMEs (Small/Medium Sized Enterprises) make up the bulk of businesses today. Most cloud based applications created today are geared toward the SME market. Accounting, Storage, Backup services are just a few of them. According to the European Commission, cloud based technology could help 80% of organisations reduce costs by

2014 Future Of Cloud Computing Survey Results

2014 Future Of Cloud Computing Survey Results

Engine Yard Joins North Bridge Venture Partners, Gigaom Research and Industry Collaborators to Unveil 2014 Future of Cloud Computing Survey Results SAN FRANCISCO, CA–(Marketwired – Jun 25, 2014) – Engine Yard, the leading cloud application management platform, today announced its role as a collaborator in releasing the results of the fourth annual Future of Cloud Computing Survey,

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate long term with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

Please review the guidelines before applying.

Whitepapers

Top Research Assets

HP OpenStack® Technology Breaking the Enterprise Barrier

HP OpenStack® Technology Breaking the Enterprise Barrier

Explore how cloud computing is a solution to the problems facing data centers today and highlights the cutting-edge technology (including OpenStack cloud computing) that HP is bringing to the current stage. If you are a CTO, data center administrator, systems architect, or an IT professional looking for an enterprise-grade, hybrid delivery cloud computing solution that’s open,

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security

Public Cloud Flexibility, Private Cloud Security Cloud applications are a priority for every business – the technology is flexible, easy-to-use, and offers compelling economic benefits to the enterprise. The challenge is that cloud applications increase the potential for corporate data to leak, raising compliance and security concerns for IT. A primary security concern facing organizations moving