|[July 28, 2014]
Bright Computing Raises $14.5M Series B to Accelerate its HPC, Hadoop, and OpenStack Business
SAN JOSE, Calif. --(Business Wire)--
Bright Computing, the leading provider of cluster management software,
today announced a $14.5 million Series B financing co-led by�DFJ�and�DFJ
Esprit�with participation from�Prime Ventures�and existing investor�ING
Corporate Investments. As part of the funding round, DFJ Partner Bill
Bryant, Prime Ventures Partner Alexander Ribbink, DFJ Esprit Partner
Richard Marsh, and ING CISO Rob Bening will be joining Bright's board of
Founded in 2009, Bright Computing specializes in management software for
clusters and clouds used in high performance computing (HPC), storage,
databases, Hadoop, and OpenStack. Bright's integrated approach makes
cluster management easy for DevOps and IT operations teams, while
providing powerful and complete management capabilities for mission
critical workloads. Bright Cluster Manager is used at over 400
customers, including more than 20 Fortune 500 companies, leading
government labs, and research institutes. The company has partnered with
Dell, Cisco, Cray, HP and other technology leaders in bringing Bright
Cluster Manager to their customers.
Bright Computing will use the financing to continue investing in its
flagship cluster management technology, focusing especially on the
emerging Hadoop and OpenStack ecosystems. The company expects to extend
its channel by adding partners around the world, and providing higher
levels of support to direct enterprise accounts.
"Bright Computing is bringing to the rest of us the sophistication of
Google (News - Alert) or Amazon in how they manage their compute clusters and data
centers," said Bill Bryant, DFJ Partner. "They deliver the same
capabilities in automating and simplifying the management of clusters
for any workload. Bright manages many of the world's most complex
environments in technology, pharmaceuticals, aerospace, government labs,
universities and financial services. With support now for Hadoop and
OpenStack, the company has an enormous opportunity."
"From its European origins, Bright has established itself in the US and
as the market leader in this important and rapidly growing sector," said
Richard Marsh, DFJ Esprit.
"Data analysis has become the lifeblood of modern business, ut it can
be complex and challenging for corporations to manage," said Alexander
Ribbink, partner at Prime Ventures. "Using Bright Cluster Manager to
manage clouds, clusters and data infrastructure can turn this challenge
into a strategic advantage. This round of funding will help bring that
advantage to more customers around the world."
"This financing round marks a new milestone in the already impressive
track record of Bright Computing," said Jan Willem Nieuwenhuize,
director at ING Corporate Investments. "We are pleased with the
exponential growth that Bright exhibited over the recent years and we
expect this to continue, based on the many opportunities that Bright can
develop on the basis of this financing round."
"We're proud and excited to have such prestigious investors join the
company," said Dr. Matthijs van Leeuwen, CEO and founder of Bright
Computing. "I'm looking forward to working with our new board members,
drawing on their experience as we enter the next phase of growth."
Bright partners include Amazon, Cisco, Cray and Dell. Included among its
hundreds of customers are Boeing (News - Alert), Intel, NASA, Roche, Sinopec, Stanford
University and the Tokyo Institute of Technology.
About Bright Computing
Bright Computing is transforming the way clusters are managed in the
modern data center. Founded in 2009, Bright's award winning cluster
management software lets users monitor and build clusters of any size
that are easy to provision, operate, monitor, manage, and scale. Bright
partners include Amazon, Cisco, Cray and Dell. Customers include Boeing,
NASA, Roche, Stanford University and the Tokyo Institute of Technology.
Bright's technology is running in over 500 data centers all over the
globe. Bright has been recognized as a Red Herring Top 100 company and a
Deloitte (News - Alert) Rising Star winner, and was named Bio-IT World's "Best of
Show." For more information about Bright Computing, visit www.brightcomputing.com
and follow us on Twitter (@BrightComputing).
DFJ is a venture capital firm that partners with extraordinary
entrepreneurs who are changing the world. Since 1985, DFJ's core funds
have raised $4B, which has been deployed in more than 300 portfolio
companies, including AdMob, Baidu, Box, Hotmail, Skype, Solarcity,
SpaceX (News - Alert), Tesla Motors, Tumblr, Twitter and Yammer. DFJ works with
companies at seed, early and growth stages, with the goal of creating
iconic and lasting businesses. Learn more at�dfj.com.
About Prime Venture
Prime Ventures is a leading venture capital and growth equity firm
focusing on investing in European companies in the technology and
related industries. The firm has invested in companies in the Benelux
countries, Germany, United Kingdom, France, Finland and Sweden. From its
offices in The Netherlands and the UK the independent partnership
manages over 425 million euro in committed capital.
About DFJ Esprit
DFJ Esprit is one of Europe's most experienced venture capital
investors, helping entrepreneurs build ground-breaking technology
companies. In recent years, DFJ Esprit's exits have generated more than
$3 billion in combined enterprise value. Portfolio companies include
Achica, Graze, Greenpeak, and TrustPilot.�DFJ Esprit is the exclusive
European member of the Silicon Valley-based DFJ Global Network which has
30 offices around the world, $7bn in funds under management, and
portfolio companies including Baidu, Box, Skype, Space X, Tesla,
Twitter, Yammer (News - Alert) and other leading innovators.
About ING Corporate Investments
ING Corporate Investments, part of ING Bank NV, is a provider of equity
and mezzanine financing to companies that have their origin in the
Benelux region. ING Corporate Investments provides financial solutions
for growth companies, buy-outs, (partial) exits, balance sheet
optimization and a range of other opportunities. Over the past 10 years,
ING Corporate Investments invested over 1.5 billion euro in equity and
subordinated debt products.
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