CloudSwitch secures $7.4M for stealthy cloud software
CloudSwitch, a Waltham, Mass. company that creates cloud management software, just brought in $7.4 million in first-round funding to continue development on several stealthy projects. Little is known about what may distinguish its products from those offered by similar cloud firms RightScale, Hyperic and Amazon Web Services, only that they “will help enterprises dramatically reduce costs,” according to its web site.
The company, backed by Atlas Ventures and Matrix Partners, also says it’s hiring but doesn’t… Continue Reading
Open source system management software Hyperic raises $6.1M
Hyperic, a San Francisco company that offers an open source system management software, said it has raised $6.1 million in a second round of venture capital funding.
Benchmark Capital led the round, which included Accel Partners. Hyperic raised an initial $3.8 million in May 2006 from the same two investors.
The company, founded in 2004, has more than 25 employees. It says it has more than 300 customers —including eHarmony, Ask.com, Hi5, Ogilvy and Mather, and MyNewPlace.com.
According… Continue Reading