CRN Magazine | August 9, 2011

Cloud Startups Get Big Funding Infusions

Cloud startups are having a great week, despite the turmoil on Wall Street, as a host of cloud upstarts kicked off with big dollar funding injections…

…Platform-as-a-Service (PaaS) player Apprenda also kicked off the week with a serious cash windfall, bringing in $10 million in Series B funding led by Ignition Partners with participation from previous investors New Enterprise Associates (NEA) and High Peaks Venture Partners (HPVP).

Clifton Park, N.Y.-based Apprenda said it plans to use the new capital to accelerate the product roadmap and spin up marketing and sales initiatives around its private PaaS framework. Apprenda calls itself as the deploy-anywhere PaaS stack for .NET.