Joyent Secures $15 Million in Series C Funding

Posted by Rob Lewis

San Francisco's Joyent announced today that it has secured $15 Million in Series C funding to expand international operations and build momentum in the marketplace for the company's core platform-as-a-service cloud computing technologies. The round was led by Series B investor Intel Capital, with additional support from existing investor Greycroft Partners and new investor Liberty Global.

Rapid adoption of cloud technologies has accelerated demand for Joyent's flexible, multi-tenant cloud technology, resulting in more than doubling of recurring customer revenues since December 2009

To bolster its technology portfolio, Joyent recently acquired Vancouver-based Layerboom, a Bootup Labs incubated company.

Joyent now operates smart technology in five data centers in China; Andover, Mass.; Emeryville and San Diego, Calif. and Dallas, Tx. Joyent also supports service providers in Toronto, Las Vegas, and Amsterdam set to come online this summer, as well as a private cloud offering built on Smart Technologies and offered through Dell as an OEM solution.

Company:
Layerboom Systems
Website:
http://layerboom.com
Location:
Vancouver, British Columbia, Canada

Layerboom Systems provides hosting companies with all the components required to provide turn-key virtual private servers to their customers. By combining the latest virtualization technologies with a unique hosted management platform, hosting companies are able to provide VPS products to their customers quickly and easily, while continuing to focus on what they do best. more

Company:
Joyent
Website:
http://www.joyent.com
Location:
San Francisco, California, United States

Joyent has been providing Infrastructure as a Service since 2004, before anyone called it cloud computing. Today, Joyent is the only cloud computing company that has built its own complete technology stack, runs a major public cloud on that stack, and makes the technology available for anyone who wants to build a cloud. Joyent’s Smart Technologies provide application virtualization, which is different from all... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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