Cloud Computing Startups Raise Big Money: UPDATE 6

Cloud Computing Startups Raise Big Money: UPDATE 6

Cloud Computing Startups Raise Big Money: UPDATE 6

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

1. Cloud Computing Startups Raise Big Money:  UPDATE 5
2. Cloud Computing Startups Raise Big Money: UPDATE 4
3. Cloud Computing Startups Raise Big Money: UPDATE 3
4. Cloud Computing Startups Raise Big Money: UPDATE 2
5. Cloud Computing Startups Raise Big Money: UPDATE 1
6. Cloud Computing Startups Raise Big Money

Today, there are two startups in focus – Code 42 and Knowlarity.

Code 42 (http://code42.com/)

Minnesota-based cloud backup company Code 42 has announced the close of its first round of external funding, raising $52.5 million from Accel Partners with participation from Split Rock Partners. Accel, one of the biggest investors in Facebook, announced this investment from its Big Data Fund, dedicated to funding companies dealing with large-scale data management. While Code 42 does not disclose revenues, it is reported to have been profitable from inception and experienced 500% growth in the last three years.

Started in 2001 by CEO Matthew Dornquast, CTO Brian Bispala and COO Mitch Coopet, Code 42 is the company behind the popular CrashPlan backup software whose professional version is used by more than 4,000 corporations in 200 countries, including such prominent names as Adobe, Cisco, Google, HP and Salesforce.com. Its rivals include Carbonite, Mozy, Box.net (See: Box.net, Amazon Cloud Drive – The Future Of Cloud Storage And Sharing… ) and Dropbox (See: Cloud Computing Startups Raise Big Money: UPDATE 2 ). The CEO described Code 42 as “part software company, part cloud storage company, and part managed appliance hardware company,” and said that the cash inflow would be used for brand development and international marketing.

Knowlarity (http://www.knowlarity.com/)

Indian cloud telephony solutions provider Knowlarity recently announced that Sequoia Capital, widely recognized as one of the most influential venture firms in Silicon Valley, has acquired a minority stake in the company. While financial terms were not disclosed, the investment seems to be around the $7 million mark.

Established in 2009 by IIT-Kanpur graduates Ambarish Gupta and Pallav Pandey, who currently serve as the CEO and the COO respectively, Knowlarity provides Internet-based communication services to companies and individuals in India and Indonesia. It claims to have more than 40,000 clients, including such prominent names as General Motors, Pepsi and Procter & Gamble.

We built the company to deliver simple and useful telephony products to help other businesses, primarily in the SME segment,” said Gupta. “Several entrepreneurs run their business on their mobile phones and our idea is to enable them with innovative, inexpensive telephony based products that can help improve the bottom line.” He said that the new funds would be used to bolster R&D and promote international sales.

Mohit Bhatnagar, managing director at Sequoia Capital, expressed his confidence in cloud computing in India and said, “Cloud computing is emerging as the next big wave in India and going forward, we are looking at investing even more in the space.” I have expounded similar views earlier (See: Cloud Computing and India, Emerging Superstars of the 21st Century).

By Sourya Biswas

Sorry, comments are closed for this post.

IoT Rapid Expansion Throughout The World

IoT Rapid Expansion Throughout The World

IoT Rapid Expansion Cyber Physical Systems (CPS) are a nomenclature used to define the world beyond IoT devices. CPS includes the robotic and automation systems that interact with the IoT devices. Based on that changing landscape I have come to realize that CPS and by default IoT devices actually have three distinct concerns. The three…

5 Companies That Took On The Small Business Cloud – And Won

5 Companies That Took On The Small Business Cloud – And Won

The Small Business Cloud We take a look at 5 world-leading tech companies that have brought ground-breaking new cloud services to SMEs  Plenty of organisations have broken into new markets with innovative cloud-based products. Discover which companies have successfully taken on the small business Cloud. Cloud based computer systems are ideally suited to support the…

Three Factors for Choosing Your Long-term Cloud Strategy

Three Factors for Choosing Your Long-term Cloud Strategy

Choosing Your Long-term Cloud Strategy A few weeks ago I visited the global headquarters of a large multi-national company to discuss cloud strategy with the CIO. I arrived 30 minutes early and took a tour of the area where the marketing team showcased their award winning brands. I was impressed by the digital marketing strategy…

Are You Sure You Are Ready For The Cloud?: Cloud as a Datacenter

Are You Sure You Are Ready For The Cloud?: Cloud as a Datacenter

Cloud as a Datacenter Through my job as a Cloud Architect during the day, I run into a lot of scenarios that I think would be important to write about. Not that they are of major importance to others, but a way for people to learn from real world experience. This month, it had to…

Why Cloud Compliance Doesn’t Need To Be So Overly Complicated

Why Cloud Compliance Doesn’t Need To Be So Overly Complicated

Cloud Compliance  Regulatory compliance is an issue that has not only weighed heavily on the minds of executives, security and audit teams, but also today, even end users. Public cloud adds more complexity when varying degrees of infrastructure (depending on the cloud model) and data fall out of the hands of the company and into…

How Your Business Can Overcome Its Fear of BYOD

How Your Business Can Overcome Its Fear of BYOD

Overcoming BYOD Fear While the popularity of the remote workforce has been on the rise, more and more people are returning to the office to work out of fear that their business data isn’t secure, according to a Neustar report. A whopping 83 percent of respondents are worried about the security of their files, and 27…

The Most Powerful Free Cloudware Tools Available to Modern Businesses

The Most Powerful Free Cloudware Tools Available to Modern Businesses

5 Essential Cloud Tools for Your Innovative Business Why these cloudware tools are a must for any modern business Smart business owners are always on the lookout for ways to save money. One of the best ways is capitalising on some of the best free cloudware tools available to businesses. Sixty percent of small and medium…

CloudTweaks is recognized as one of the leading influencers in cloud computing, infosec, big data and the 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.

Advertising