The Lighter Side Of The Cloud – The Migration Strategy
The Lighter Side Of The Cloud – FOG
The Lighter Side Of The Cloud – Scalability

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/

Sorry, comments are closed for this post.

Recent

Improving Safety On The Digital Highway

Improving Safety On The Digital Highway

Digital Highway Safety When it comes to transportation, safety is highly consequential. From educational programs to legal penalties, safety is principle to the way that travel is spoken about and acted upon. But what about digital travel? Although user files are hardly as important as users themselves, they often contain sensitive information. As cloud computing’s momentum…

From AOL To Twitch: A Decade Of Big Data Hacks

From AOL To Twitch: A Decade Of Big Data Hacks

A Decade Of Big Data Hacks The idea of hacking has been around forever. Popular in science-fiction films for decades, hacks have now become a reality for many people who engage in basic activities online. Here is a look at a list ten years in the making, a decade of hacks year-to-year. Included is an…

Popular

Cloud Infographic: Corporate IT Security Stats

Cloud Infographic: Corporate IT Security Stats

Cloud Infographic: Corporate IT Security Stats Each week on CloudTweaks we provide a few shoutouts to companies who provide engaging and interesting infographics that reflect our readers interests.  In this case, we have an excellent infographic provided by the team at arellia.com which takes a closer look at cyber-security and some of the biggest malware threats…

Cloud Migration – 10 ‘Do it Right’ Tips

Cloud Migration – 10 ‘Do it Right’ Tips

Cloud Migration – 10 ‘Do it Right’ Tips Businesses continue to adopt the cloud at break neck speed. Inherent benefits like lower operational costs, no infrastructure overheads, and quick access to better technology make cloud a very attractive proposition for businesses, especially start-ups and SMEs. However moving from legacy to the cloud environment has its…

Forrester Releases Its “15 Emerging Technologies To Watch Before 2020” Report

Forrester Releases Its “15 Emerging Technologies To Watch Before 2020” Report

15 Emerging Technologies To Watch Before 2020 The cloud, big data, the internet of things, and wearable technology have all featured heavily in Forrester’s latest list of fifteen technologies to watch before 2020. It is becoming a reality for businesses that they need to adapt and change to an increasingly technologically-minded customer base. Traditional marketing…

The Global Rise of Cloud Computing

The Global Rise of Cloud Computing

The Global Rise of Cloud Computing Despite the rapid growth of cloud computing, the cloud still commands a small portion of overall enterprise IT spending. Estimates I’ve seen put the percentage between 5% and 10% of the slightly more than $2 trillion (not including telco) spent worldwide in 2014 on enterprise IT. Yet growth projections…

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things

Monetizing Internet Of Things There are many interesting ways in which companies are looking to connect devices to the cloud. From the vehicles to kitchen appliances the internet of things is already a $1.9 trillion dollar market based on research estimates from IDC. Included is a fascinating infographic provided by AriaSystems which shows us some of the exciting…

Sponsored Posts

From C:\Prompt To CYOD – The Timely Shift To Desktop as a Service

From C:\Prompt To CYOD – The Timely Shift To Desktop as a Service

The Timely Shift to Desktop as a Service There may be some colleagues lurking within any given workforce who remember what a C:\> prompt meant. Much like the ring from Middle Earth, it had the power to make things happen. Desktop computers at that time were large grey beasts, with their only wired connection being…

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100
Site 24x7


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Branded Content Programs

Advertising