RightScale raises $25 million in third round of financing
Cloud computing management start-up has pulled down $42.5M in funding since 2006
Cloud computing management vendor RightScale has snagged $25 million in third-round financing.
The Santa Barbara, Calif.-based company announced Wednesday that it will use the funding to "accelerate development of the RightScale Cloud Management Platform, drive the company’s global expansion and grow the ecosystem of third-party publishers."
Among the investors in RightScale's latest funding is Tenaya Capital, DAG Ventures, Benchmark Capital, Index Ventures and Presidio Ventures.
Founded in 2006, RightScale sells a fully automated cloud management platform designed to enable enterprises to deploy and manage business applications across multiple clouds. Among its customers are Harvard University, PBS, Sony Music and Mattel. According to RightScale, more than 1.5 million servers have been launched on its RightScale Cloud Management Platform, ranging from websites to grid applications. That's up 50 percent from six months ago, when the company announced it had exceeded 1 million launched servers.
In August the company announced that its customers' use of cloud computing increased by more than 1,000 percent from June 2009 to June 2010.
RightScale CEO Michael Crandell said the company intends to ramp up existing operations in Europe and Asia.
The latest influx of cash brings to $42.5 million the amount raised by RightScale. The company's most recent round of funding came in December 2008, when it raised $13 million from Index Ventures and Benchmark Capital.