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Cloud Computing Firm Closes $1.5m Series A

sys-con.com
Jul 24, 2008
        
Story Timeline:  80 days

Union Square Ventures Backs Platform-as-a-Service Technology Provider announced $1.5 million in Series A financing from Union Square Ventures. The cloud computing company, founded earlier this year by DoubleClick veterans Kevin Ryan, Dwight Merriman and Eliot Horowitz, and former Joost engineering VP, Geir Magnusson Jr., aims to provide significant time and cost saving advantages by allowing developers to focus on solving business problems and delivering functionality rather than expending effort on infrastructure, scaling and system management. "At 10gen we are building a cloud stack from the ground up – including a database and application server -- with the design goal of running sites and services of all sizes," noted Dwight Merriman, Founder and CEO. "Rather than porting existing tools into the cloud, Web development can... [read full story]                    

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Latest article on this story:

VCs Have Their Heads in the Clouds

 wordpress.com Jul 25, 2008
First article on this story:

Reaching for the Clouds

 technologyreview.com Jul 25, 2008
Selected publications with coverage of this story:
businessweek.com gigaom.com sys-con.com technologyreview.com wordpress.com
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VCs Have Their Heads in the Clouds

wordpress.com
Jul 25, 2008
        

When was the last time you bought software that came in a box, an actual CD that you put into your disc drive in order to load it onto your computer? Instead of buying a rack of servers from IBM, Dell or HP, or a dedicated box...

VCs Have Their Heads in the Clouds [GigaOM]

gigaom.com
Jul 25, 2008
        

When was the last time you bought software that came in a box, an actual CD that you put into your disc drive in order to load it onto your computer? It’s probably been a while, since most applications are now downloaded...

VCs Have Their Heads in the Clouds

businessweek.com
Jul 25, 2008
        

Cloud computing—computing power in the form of services from companies including Amazon—is drawing VC attention from Web apps back to infrastructure When was the last time you bought software that came in a box, an actual CD...

                   

Reaching for the Clouds

technologyreview.com
Jul 25, 2008
        

A new startup hopes to compete in the crowded Web-application infrastructure market by making its platform open source. This week, a startup called 10gen released a preview of its infrastructure software for Web applications,...