Cloud Computing Startups Raise Big Money: UPDATE 2

Cloud Computing Startups Raise Big Money: UPDATE 2

This is the third in a continuing series on startups raising funding. You can read the first two in the series here:

1. Cloud Computing Startups Raise Big Money: UPDATE 1

2. Cloud Computing Startups Raise Big Money

Today, there are two startups in focus – Dropbox and EnStratus

Dropbox (http://dropbox.com)

Dropbox is a cloud computing startup that has garnered a lot of attention ever since it was founded in 2007 by
MIT graduates Drew Houston and Arash Ferdowsi. In fact, at one point of time, Steve Jobs had also expressed
interest in acquiring the company. However, the founders had decided to go it alone and now, their self-
confidence has paid off.

The company, which until a month ago had raised only $7.2 million in funding, recently closed Series B
financing of $257.2 million which valued it at $4 billion. The round was led by Index Ventures, with new
investors Benchmark Capital, Goldman Sachs, Greylock Partners, Institutional Venture Partners, RIT Capital
Partners, and Valiant Capital Partners participating along with previous investors Sequoia Capital, Accel
Partners, and Hadi and Ali Partovi.

Our goal has always been to build a service that hundreds of millions of people would love and trust. We’re
inspired by the consumers and businesses that depend on Dropbox, and we will continue to make sure that the
world’s devices, services, and apps work together seamlessly,” said co-founder Houston, the company’s CEO,
in a press release announcing the funding.

Forbes has named Dropbox “tech’s hottest startup” while TechCrunch estimated a possible valuation of
$5 billion earlier this year. It had also featured on the Annual Crunchie awards list, hosted by TechCrunch,
GigaOm, and VentureBeat (See: Crunchie Awards Finalists – Best New Cloud Start Ups). Competitors include big
players like Microsoft, Google and Apple as well as smaller entities like Box.net (See: Can Box.net Overtake
Microsoft SharePoint?
).

 enStratus – (http://enstratus.com)

Cloud infrastructure management solutions provider EnStratus announced $3.5 million in Series A funding
from El Dorado Ventures (leading) and Vesbridge Partners. The company intends to use the money to expand
operations, including hiring new people to add to its existing workforce of 25 and going overseas beyond its
two offices in the US.

enStratus continues to grow quickly with customers deploying private and public clouds with enterprise-level
cloud management requirements,” said CEO David Bagley. “This financing will help us build on our success
and accelerate our business plan.

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/

5 Responses to Cloud Computing Startups Raise Big Money: UPDATE 2

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – Monetizing Internet Of Things

Cloud Infographic – 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…

Cloud Infographic – The Future Of Big Data

Cloud Infographic – The Future Of Big Data

The Future Of Big Data Big Data is BIG business and will continue to be one of the more predominant areas of focus in the coming years from small startups to large scale corporations. We’ve already covered on CloudTweaks how Big Data can be utilized in a number of interesting ways from preventing world hunger to helping teams win…

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,…

5 Ways The Internet of Things Will Drive Cloud Growth

5 Ways The Internet of Things Will Drive Cloud Growth

5 Ways The Internet of Things Will Drive Cloud Growth The Internet of Things is the latest term to describe the interconnectivity of all our devices and home appliances. The goal of the internet of things is to create universal applications that are connected to all of the lights, TVs, door locks, air conditioning, and…

Cloud Infographic – Cyber Security And The New Frontier

Cloud Infographic – Cyber Security And The New Frontier

Cyber Security: The New Frontier The security environment of the 21st century is constantly evolving, and it’s difficult to predict where the next threats and dangers will come from. But one thing is clear: the ever-expanding frontier of digital space will continue to present firms and governments with security challenges. From politically-motivated Denial-of-Service attacks to…

CONNECT TO THE CLOUD

 

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.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Branded Content Programs

Advertising