CloudBees Secures $10.5 Million in Funding
CloudBees, which offers a cloud-based Platform as a Service (PaaS) for Java applications, has secured $10.5 million in Series B financing from Lightspeed Venture Partners.
The startup company, founded last year by former JBoss CTO Sacha Labourey, offers a Java development- and deployment-based PaaS.
Waltham, Mass.-based CloudBees currently offers two core services: DEV@cloud, which provides a Java-based development infrastructure for building and testing of apps, and RUN@cloud, which provides an app server in the cloud for deployment.
Among CloudBees' customers are Cisco, Digg, Lawrence Livermore National Laboratory and Sandia National Laboratories.
The company received $4 million in Series A financing in November from Matrix Partners, which also participated in the current round. CloudBees said it will use the funds for product development and to expand sales and marketing efforts.
Posted by Jeffrey Schwartz on August 08, 2011 at 11:58 AM