Skytap Lands $7,000,000 Series B Financing

  • Feed Type
  • Date
    3/16/2009
  • Company Name
    Skytap
  • Mailing Address
    614 1st Ave Seattle, WA 98104
  • Company Description
    Skytap is the leading provider of cloud-based virtualization solutions available as on-demand services over the Web. Virtualization is poised to become the defining technology of the 21st century and Skytap’s goal is to make serving up virtual machines over the internet as ubiquitous as delivering html to a browser. Depending on how you look at us, we’re about maximizing efficiencies, minimizing costs, eliminating unnecessary hardware, outsourcing, eco-efficient computing, and doing more with less.
  • Website
    http://www.skytap.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funds will be used to bolster the company’s product development, sales and marketing efforts.
  • M&A Terms
  • Venture Investor
    Ignition Partners
  • Venture Investor
    Madrona Venture Group
  • Venture Investor
    Washington Research Foundation

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