Eucalyptus Systems Obtains $20,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f56cdf6-e810-4f7e-b81a-e16344b02b5f&Preview=1 -
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
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Venture Investor
New Enterprise Associates -
Venture Investor
Benchmark Capital -
Venture Investor
Bertelsman Ventures (BV)
