Cloud Computing Startups Raise Big Money: UPDATE 13
This is the fourteenth in a continuing series on startups raising funding. You can read the latest in the series at: Cloud Computing Startups Raise Big Money: UPDATE 12 . For previous updates, please click on relevant links in the aforementioned article. Today, there are two startups in focus – Sonian and Cloud Cruiser.
Sonian, on its website, declares its mission of “archiving the world’s electronic documents.” The site also has a running counter which tracks the number of objects under management, and the number currently is in excess of 6 billion. Now, it has an additional $13.6 million in investor funding to expand its reach in the world of cloud computing. This recently concluded Series C funding led by OpenView Venture Partners brings to a total external financing raised by the company to $27 million since its inception in 2007. Although Amazon had been one of its early investors, Sonian’s decision to cater to customers on clouds other than Amazon’s has led to the latter holding back from further investments in the company.
According to vice president of marketing and product management Jon Pilkington, Sonian focuses its business on the archiving of emails and files in public clouds and extracting relevant information from them. “We replicate data eight ways. But customers can retrieve the original document for compliance purposes. And it’s never replicated outside of the customer’s geographical area,” he added. I had earlier discussed some of the implications of storing data at distant locations (See: Computing Without Borders – What Works, What Doesn’t).
With so many cloud technologies available, it sometimes becomes difficult for users to manage multiple resources. That is an issue that cloud cost intelligence solutions provider Cloud Cruiser tries to solve by delivering “cost intelligence based on granular, enterprise-wide resource usage and spending across public, private, and hybrid cloud environments.”
The company recently announced a $6 million Series B funding led by veteran Silicon Valley venture capital firm ONSET Ventures, bringing total external capital raised since its founding in 2010 to $7.6 million. The VC has been part of the technology startup landscape for more than 25 years and has more than $1 billion under management. In addition to ONSET, existing Cloud Cruiser investor Wavepoint Ventures also participated in the round.
“The IT industry is at the cusp of massive spending in enterprise cloud computing. ONSET Ventures’ investment in Cloud Cruiser is great validation of enterprise adoption of cloud computing and the critical requirement for cost intelligence capabilities to ensure success,” said Dave Zabrowski, founder and CEO of Cloud Cruiser.
By Sourya Biswas