January 23rd, 2012
January 23, 2012—- Cloud company Joyent boosted by $85m of venture funding for range of new services
Joyent is set to get some big funding in its move on Amazon’s cloud market. The San Francisco-based company has just snaffled a whopping $85 million in funding in its bid to ramp up its cloud offering.
The European venture capital firm Weather Investment II, advised by Accelero Capital, is providing the bulk of the funding, with Spanish telco Telefonica also participating as a strategic investor. Joyent is set to use the funding to roll out a series of new cloud products in an attempt to eat into Amazon’s lead in this market. Read more