Industry News Desk
RightScale Snags $13M in Boost for Cloud Computing Management
Series B Round led by Index Ventures - whose partner Danny Rimer joins the company's board of directors
Dec. 8, 2008 12:30 PM
"We’re very excited to be working with RightScale's experienced team to guide the company's growth, including its expansion into the European market," said Index Ventures partner Danny Rimer as it was announced today that RightScale has secured $13 million in its second round of venture capital funding, led by Index Ventures.
RightScale CTO Thorsten von Eicken interviewed by SYS-CON.TV's Jeremy Geelan at the 1st International Cloud Computing Conference & Expo recently in San Jose, CA.
"With RightScale's platform, organizations can quickly realize the benefits of cloud computing without the risks commonly associated with cloud deployments, such as vendor lock-in and loss of IT control," Rimer continuied, adding “Having looked at this space in great detail, we believe that RightScale will continue to be the clear leader in cloud computing services."
The company has two years of real-world cloud computing experience and thousands of live deployments. Over 200,000 servers have been successfully launched using the RightScale cloud management platform.
Michael Crandell, CEO of RightScale, commented, "Index Ventures has a superb track record in identifying winning technology companies in high growth markets, and we are very pleased that they have demonstrated their confidence in RightScale by leading this financing round. The market for cloud computing is exploding, and this funding will provide the capital to cement our position as the leading cloud computing management vendor and to prepare for further growth in a very promising and expanding marketplace."
With its "cloud-aware" server templates, the fully-automated RightScale platform requires little knowledge of cloud architecture to deploy, manage and dynamically scale even complex, multi-cloud applications, says the company.
Current investor Benchmark Capital, which led RightScale's first round of venture financing, also participated in this round. In addition, RightScale announced that Index Ventures partner Danny Rimer has joined the company's board of directors. RightScale will use the proceeds to accelerate product and market development of its cloud computing management platform to meet growing demand, including support for new clouds and expansion into additional geographic markets.