Joyent Secures $15 Million in Series C Funding
San Francisco’s Joyent announced today that it has secured $15 Million in Series C funding to expand international operations and build momentum in the marketplace for the company’s core platform-as-a-service cloud computing technologies. The round was led by Series B investor Intel Capital, with additional support from existing investor Greycroft Partners and new investor Liberty Global.
Rapid adoption of cloud technologies has accelerated demand for Joyent’s flexible, multi-tenant cloud technology, resulting in more than doubling of recurring customer revenues since December 2009.
To bolster its technology portfolio, Joyent recently acquired Vancouver-based Layerboom, a Bootup Labs incubated company.
Joyent now operates smart technology in five data centers in China; Andover, Mass.; Emeryville and San Diego, Calif. and Dallas, Tx. Joyent also supports service providers in Toronto, Las Vegas, and Amsterdam set to come online this summer, as well as a private cloud offering built on Smart Technologies and offered through Dell as an OEM solution.
