Eucalyptus Systems Inc Obtains $5,500,000 Series A Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6d38c09-4a95-40ba-bd7b-1b38554df02b&Preview=1 -
Date
4/29/2009 -
Company Name
Eucalyptus Systems Inc -
Mailing Address
130 Castilian Drive Goleta, CA 93117 -
Company Description
We started Eucalyptus as a research project in the Computer Science Department at the University of California, Santa Barbara. In the Fall of 2007, Rich Wolski (whose research group eventually designed and built Eucalyptus) was a principle investigator of the Virtual Grid Application Development Software Project (VGrADS) funded by the National Science Foundation. The purpose of VGrADS was to investigate novel programming language and runtime system techniques for large-scale computational grid applications. Producing empirical results based on real-world applications, VGrADS had already developed a runtime system for the LEAD (Linked Environment for Atmospheric Discovery) weather forecasting system. -
Website
http://www.eucalyptus.com -
Transaction Type
Venture Equity -
Transaction Amount
$5,500,000 -
Transaction Round
Series A -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
Benchmark Capital -
Venture Investor
Bertelsman Ventures (BV)
