The Schwartz
Cloud Reportby Jeffrey Schwartz, Executive Editor

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CloudShare Gains $10 Million in Funding

CloudShare this week said it has bagged $10 million in new funding led by Globespan Capital Partners, joined by existing backers Sequoia Capital, Charles River Ventures and Gemini Israel Funds.

The company has raised a total of $26 million in three rounds since its founding in 2005. CloudShare said it will use the funding to expand its sales and market presence.

CloudShare lets developers and IT admins build, share, test, demo and train on business applications on its cloud-based infrastructure using a browser. Among its customers are Cisco, SAP, Hewlett-Packard, Dell, McAfee and Adobe. Overall, CloudShare says it has 50,000 customers.

Posted by Jeffrey Schwartz on July 07, 2011


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