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Egnyte Gets $16 Million for Hybrid Cloud Storage

A diagram of how Egnyte's hybrid cloud storage works. Click for a larger version of this image.

Investors are hot for hybrid cloud, and some of Silicon Valley’s best-known names are betting that Egnyte will be a winner with its cloud storage offering for enterprise customers.The company closed a $16 million round of funding led by Google Ventures and Kleiner Perkins. Read More

Cloudability Raises $8.7 Million for Cloud Management

Cloud monitoring and management company Cloudability has closed a Series A investment round of $8.7 million, led by the Foundry Group, the company said this week. Cloudability said the funding will help its expand its operations to respond to growing demand for cloud cost management tools. Read More

Level 3 Launches Latin America Data Center Service

Level 3 Communications (LVLT) announced the launch of Dynamic Enterprise Computing, a new data center service in Latin America that will enable customers to rapidly scale, or burst, on computing resource consumption to cover business needs as they arise. Read More

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