Cloud Computing Startups Raise Big Money: UPDATE 5
This is the fifth in a continuing series on startups raising funding.
Today, there are two startups in focus – Xeround and SurDoc.
Xeround, a California-based startup that describes itself as “The Cloud Database”, announced the successful completion of its Series C round of funding in which it raised $9 million. Previous investors that included Menlo Park-based Benchmark Capital, Israel’s Giza Venture Capital, Ignition Partners and Trilogy Partnership, put in money in this round as well.
According to a press release, Xeround “offers a database-as-a-service for MySQL-based applications that’s elastic, linearly scalable and always on for infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and software-as-a-service (SaaS) environments.” The company claims that its “database-as-a-service solution effectively manages auto-scaling, high-availability, self-healing and multi-tenancy, while guaranteeing continuous service during schema changes, resource modifications and the scaling process.”
“We’re excited to further support the growing popularity of Xeround’s cloud database solution as well as expand our marketing and sales operations with this funding. We’re confident Xeround will continue to accelerate leadership in the space and deliver game-changing technology as the only native cloud database, providing high availability and true elasticity with no management or configuration overhead,” said Razi Sharir, CEO of Xeround. He added that the Series C funds would be used “primarily for go-to market expansion via additional worldwide channels.”
Box.net (See: Can Box.net Overtake Microsoft SharePoint?) and Dropbox (See: Cloud Computing Startups Raise Big Money: UPDATE 2 ) have competition on their hands with startup SurDoc entering the cloud document sharing space and raising $4 million in venture capital.
UOML (Unstructured Operation Markup Language), a new document standard developed by founder Alex Wang, forms the core of SurDoc’s offering. UOML has major support from OASIS (Organization for the Advancement of Structured Information Standards), a not-for-profit consortium that counts Google, Microsoft, Hewlett-Packard and IBM among its members and drives the development, convergence and adoption of open standards for the global information society.
Now, with $4 million from IDG Ventures, SurDoc can offer a credible alternative to Google Docs, Box.net and Dropbox. In fact, a comment made by David Xue, an Attorney associated with the startup, made explicit references to these competitors. “Storing documents online using services like Dropbox or Google Docs cannot guarantee the look and feel of the documents – SurDoc is the first truly WYSIWYG (What You See Is What You Get) document management service that is 100% in the cloud. Users of SurDoc can store and manage all of their documents online, regardless of the document format, and no longer have to worry about accessibility, security, backup and the layout fidelity of their documents,” he said.
You can read the first updates in the series here:
1. Cloud Computing Startups Raise Big Money: UPDATE 4
2. Cloud Computing Startups Raise Big Money: UPDATE 3
3. Cloud Computing Startups Raise Big Money: UPDATE 2
4. Cloud Computing Startups Raise Big Money: UPDATE 1
5. Cloud Computing Startups Raise Big Money
By Sourya Biswas
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