Deals

Joyent lands $7M to bring companies into the cloud

Cloud service provider Joyent has raised $7 million in a second round of funding. The San Francisco startup expects to raise a total of $15 million, according to a filing with the SEC. Last month, Joyent announced the acquisition of Vancouver-based LayerBoom Systems, a company that makes software for hosting providers.

Professional networking site LinkedIn and luxury sample sale site Gilt Groupe are both Joyent customers. By relying on Joyent’s cloud technologies rather than making significant hardware investments, Gilt Groupe claims it is able to spend less than one percent of revenue on infrastructure.

Founded in 2004, Joyent initially raised a small seed round from investor Peter Thiel, and in November the startup raised an additional $4 million from Intel Capital.

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