Industry News Desk
Cloud Expo Bronze Sponsor RightScale Gets $25M Round
Cloud management platform provider closes a new round of venture funding led by Tenaya Capital
By: Jeremy Geelan
Sep. 22, 2010 11:30 AM
"This represents a resounding validation of RightScale's leadership in cloud management and our tremendous potential for expansion in the fast-evolving cloud computing market," said Michael Crandell (pictured), CEO of RightScale this week, as the company announced that it has closed a new round of venture funding led by Tenaya Capital and joined by DAG Ventures and other current investors – Benchmark Capital, Index Ventures and Presidio Ventures.
"We will continue to drive innovation in cloud automation and workflow, add to our current enterprise capabilities, and enhance our RightScale publishing program,"Randall - who is also speaking at Cloud Expo Silicon Valley - continued.
"In addition, we plan to expand our support for new public and private cloud infrastructures globally, including accelerating our existing operations in Europe and Asia."
"RightScale has established a clear leadership position in cloud computing management, a critically important part of the cloud ecosystem," said Brian Melton, managing director of Tenaya Capital. "The company has built an enthusiastic customer base through a commitment to customer success, an institutional knowledge of best practices and an elegant technology that simplifies complex management tasks. We are excited to have the opportunity to fund RightScale's continued rapid growth."
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