Joyent Secures $85M in Venture Funding

Add Your Comments

Joyent, a global provider of cloud computing software and services, announced it completion of an $85 million funding deal to support its expansion of global cloud services for enterprises and service providers.

European group Weather Investment II provided the majority of the round. Telefónica Digital, the growth arm of global telecom leader Telefónica, is also participating as a strategic investor. Cloud-based services are a key focus area for Telefónica’s new Digital unit, and Joyent’s technology expertise in this area will help Telefónica enhance its product offering. Existing Joyent investors include El Dorado Ventures, Epic Ventures, Greycroft Partners, Intel Capital, and Liberty Global.

Joyent says this year they will roll out a collection of seamlessly connected high performance public clouds on every continent. JoyentCloud.com delivers public cloud services to some of the most innovative companies in the world, including LinkedIn, Gilt Groupe and Kabam.

About the Author

Colleen Miller is a journalist and social media specialist. She has more than two decades of writing and editing experience, with her most recent work dedicated to the online space. Colleen covers the data center industry, including topics such as modular, cloud and storage/big data.

Add Your Comments

  • (will not be published)