WA VCs Invest in OR Cloud Startups
A couple of financing deals on the radar this week for Oregon-based cloud computing firms, with the money coming from Seattle-area venture capitalists. The first was the $6 million round for Portland’s Cedexis, which helps companies monitor cloud computing performance. Madrona Venture Group of Seattle was named as an investor, along with Palo Alto, CA-based Advanced Technology Ventures. Bellevue, WA’s Ignition Partners led the $8 million round in AppFog, a platform hosting service (AppFog was formerly known as PHP Fog). Ignition’s Frank Artale will join the board. Also participating were Madrona and Seattle’s Founder’s Co-op, along with First Round Capital.