RightScale Gets Another $25M in Funding
September 22nd, 2010 By: Colleen Miller
Cloud computing management company RightScale has closed a $25 million round of venture funding led by Tenaya Capital and joined by DAG Ventures and other current investors: Benchmark Capital, Index Ventures and Presidio Ventures.
RightScale will use the third-round financing to accelerate development of its cloud management platform, expand globally and increase its pool of third-party publishers.
“RightScale has established a clear leadership position in cloud computing management, a critically important part of the cloud ecosystem,” said Brian Melton, managing director of Tenaya Capital. “The company has built an enthusiastic customer base through a commitment to customer success, an institutional knowledge of best practices and an elegant technology that simplifies complex management tasks. We are excited to have the opportunity to fund RightScale’s continued rapid growth.”
“This represents a resounding validation of RightScale’s leadership in cloud management and our tremendous potential for expansion in the fast-evolving cloud computing market,” said Michael Crandell, RightScale CEO. “We will continue to drive innovation in cloud automation and workflow, add to our current enterprise capabilities, and enhance our RightScale publishing program. In addition, we plan to expand our support for new public and private cloud infrastructures globally, including accelerating our existing operations in Europe and Asia.”
Last year Data Center Knowledge interviewed Crandall, who discussed his company’s niche in “managing clouds” on multiple platforms (including Amazon Web Services, Google App Engine and FlexiScale. View video. Additionally, we covered the addition of RightScale’s deployment of the 1 millionth server to its platform.
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