Industry News Desk
An Investment in Next-Generation Cloud: ProfitBricks Secures $19.5 Million
"An investment not only in ProfitBricks but in the future of cloud," says CEO
By: Elizabeth White
Mar. 20, 2013 09:00 AM
"We spent two years building a cloud offering that is unmatched in the market. This latest investment represents an investment not only in ProfitBricks but in the future of cloud," said Achim Weiss, co-founder and CEO of ProfitBricks, as it was announced that his IaaS company has received a $19.5 million investment from its founders and United Internet AG, a leading European internet services provider.
"ProfitBricks delivers on the promise of cloud computing that until its launch wasn't realized," Weiss added.
In 2012 the company established its U.S. headquarters in Cambridge, Mass. and launched its cloud 2.0 offering, including live vertical scaling and the industry's first Data Center Design tool. ProfitBricks used InfiniBand based network technology to bring high performance computing capabilities to the cloud and offer a better price-performance ratio than the major cloud computing providers. ProfitBricks also, said Weiss, introduced "the first true minute-based billing to the cloud."
Founded in 2010, ProfitBricks had previously received $18.8 million from its founders and United Internet AG.
"In the six months since we launched our cloud offering ProfitBricks has experienced tremendous growth," said Bob Rizika, CEO of ProfitBricks USA. "We're ready to aggressively push for greater market adoption and this investment represents the confidence in our continued success."
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