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Business Insider: This Company Just Raised $85 Million To Beat Back Amazon

January 23rd, 2012

January 23, 2012—- Amazon Web Services isn’t the only cloud computing game in town, and one of its competitors just got a lot stronger: Joyent has rasied $85 million from a surprising source—Spanish phone company Telefonica. European private equity firm Weather Investment II also participated.

Joyent actually began offering its public cloud service a few months before Amazon, according to CEO David Young—“although we didn’t call it cloud.”

While AWS is used by a lot of high-profile startups, Joyent has more than 30,000 customers, including big names like LinkedIn, gaming service Kabam, and one of the big airline reservation booking systems, Sabre. (It also powered Twitter in the early days.) Read more