Piston Cloud Computing has secured $8 million in Series B funding from Cisco and other partners to fuel its product development in the OpenStack enterprise cloud marketplace. Cisco Systems, Data Collective and Swisscom Ventures as well as Divergent Ventures, Hummer Winblad and True Ventures joined together as principal investors.
This is the second round of financing for Piston Cloud, which gained $4.5 million in a first round of financing in July 2011.
“Our investors’ confidence in Piston Cloud validates our strategy and the pioneering work we have done over the last two plus years in the OpenStack community," said Jim Morrisroe, CEO, Piston Cloud. "This new investment will enable us to build on this foundation and to accelerate our growth as we work to enhance our products, grow our customer base and establish new partnerships.”
Founded in early 2011 by technical team leads from NASA and Rackspace and based in San Francisco, Piston Cloud is built around OpenStack, a scalable open source cloud framework. In its brief history, Piston Cloud has achieved quite a few major benchmarks including launching the first commercially OpenStack distribution, Piston Enterprise OpenStack, which is software for building, scaling and managing a private Infrastructure-as-a-Service (IaaS) cloud on bare-metal,.
Piston Cloud also introduced a Virtual Desktop Infrastructure (VDI) solution built on OpenStack, via an exclusive licensing agreement with Gridcentric.
“Working with Piston Cloud from day one, we have been thrilled with the company’s growth and traction in the market. We believe the company has the talent, technology and vision to deliver next-generation cloud to the enterprise and beyond,” noted Kevin Ober, Managing Director, Divergent Ventures.
The OpenStack market continues to heat up, with two significant announcements in January. Mirantis, an OpenStack cloud integrator, announced a $10 million round of funding and Rackspace Hosting announced partnerships with leading hardware and software providers to create three new Private Cloud Open Reference Architectures.
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