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August 25, 2010

Nimbula Secures $15 Million in Second Round Financing

The cloud operating system startup Nimbula, which came out of the stealth mode in June, has raised $15 million in second round of venture capital funding, bringing the total amount to over $20 million. The investors in this round of funding were Accel Partners and Sequoia Capital (News - Alert). While Accel led this round of financing, Sequoia was the lead investor in the first round. Also, Accel’s Ping Li has joined the company’s board of directors.

According to Nimbula, the new funding will be used to develop hybrid cloud computing technologies, as well as to drive the adoption of the company’s product offerings for the management of on- and off-premises infrastructure.

Nimbula was founded by former Amazon executives Chris Pinkham and Willem van Biljon, who led the development of the Amazon EC2 public cloud service. Hence, the company’s business and technology focus is on blending EC2-like scale, agility and efficiency with private infrastructure customization and control.

In a company statement, said Chris Pinkham, co-founder and CEO of Nimbula, “Accel Partners (News - Alert) has a superb track record in identifying winning technology companies in high growth markets, and we are delighted that they recognize the value of our vision by joining our team." "Together with Sequoia Capital, Accel Partners brings valuable insight and acumen along with proven entrepreneurial spirit which will help to guide and fuel our growth in the fast-growing multibillion dollar cloud computing space," added  Pinkham.

Commented Ping Li, partner at Accel, "We have been active in the private cloud computing space and spoke with many customers looking for a solution." "We identified Nimbula as the only vendor having the technology and proven experience to capture the leadership position in this growing market. We look forward to rolling up our sleeves and working with the team as they build a great company," noted Li.

Similarly, Roelof Botha, general partner at Sequoia, stated "Nimbula has moved with extraordinary speed and agility having started from two founders quietly developing their offering in Sequoia Capital's offices to emerging as a leader in private cloud infrastructure." He added, "We are proud to continue our partnership with Chris and Willem during this pivotal growth phase as they bring their solution to market."

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Ashok Bindra is a veteran writer and editor with more than 25 years of editorial experience covering RF/wireless technologies, semiconductors and power electronics. To read more of his articles, please visit his columnist page.

Edited by Stefania Viscusi
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