Eucalyptus Systems Obtains $20,000,000 New Funding

  • Feed Type
  • Date
    7/1/2010
  • Company Name
    Eucalyptus Systems
  • 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
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company is using the funding to scale development, marketing and sales of its commercial open source private cloud software to meet increasing demand for more scalable, agile and cost-efficient information technology (IT) systems.
  • M&A Terms
  • Venture Investor
    New Enterprise Associates
  • Venture Investor
    Benchmark Capital
  • Venture Investor
    Bertelsman Ventures (BV)

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