VCs throwing gobs of money at cloud, security, mobile startups

By , Network World |  Security, startups, venture capital

*Jelastic, a Palo Alto outfit with Ukrainian roots that provides a platform-as-a-service offering for moving Java apps to the cloud, has received unspecified funding from Maxfield Capital. The company previously has announced $2.5 million in funding.

* RiverMeadow Software, which operates out of San Jose and Westford, Mass., sells a software-as-a-service offering to help organizations migrate servers to public clouds. It has nailed down a $12 million B round of funding whose investors include Cisco, Violin Memory and others. "This latest funding round will allow us to continue to scale the company for future growth by expanding our engineering team and supporting our OEMs in meeting the growing market demands for cloud migration," said Mark Shirman, RiverMeadow CEO, in a statement.

* Datto, which sells a hybrid cloud-based backup, disaster recovery and continuity services through channel partners, has closed $25 million in growth equity financing led by General Catalyst Partners. The Norwalk, Conn., vendor says it plans to use the funds for international expansion, product development and enhanced services. This marks Datto's first funding since it started in 2007. Steve Herrod, former CTO of VMware and managing director at General Catalyst Partners, and Paul Sagan, executive vice chairman of Akamai Technologies, also join Datto's board.

*Log monitoring company Loggly announced last week that it has received a $10.5 million funding round from Cisco and others, bringing its total funding to nearly $21 million. Loggly, which competes with vendors such as Splunk, also just rolled out a new version of its cloud-based monitoring service.

Bob Brown tracks network research in his Alpha Doggs blog and Facebook page, as well on Twitter and Google +. 

Read more about data center in Network World's Data Center section.


Originally published on Network World |  Click here to read the original story.
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