VC, Virtualization, cloud computing

North Bridge, General Catalyst Help rPath Raise $10 Million Series C Round

Wade Roush 6/24/08

Boston-based North Bridge Venture Partners and Cambridge, MA-based General Catalyst Partners have contributed to a $10 million series C funding round for rPath, a Raleigh, NC, company marketing itself as a cloud computing vendor. The company’s software helps application developers turn their own software into “virtual appliances” that can run in virtualized environments such as Amazon’s Elastic Compute Cloud, or EC2. Charlotte, NC-based Wakefield Group also participated in the round; all three firms were existing rPath investors.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.