Joyent Secures $85M in Venture Funding
January 23rd, 2012 By: Colleen Miller
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.