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  • Standing Cloud raises $3 Million to help New Cloud Providers grow Faster

    November 14th, 2011 No comments

    Standing Cloud, the Boulder, CO – based provider of cloud application management services, has recently announced the end of a new round of funding which has brought the company the amount of $3 million in a new series of funding. This funding round has been led by the already existing investors from Foundry Group and Avalon Ventures. With this new amount of money, the company has raised by now the total amount of $8 million.

    As a result of this funding round, Will Herman, the famous entrepreneur and mentor of TechStars, is going to join Standing Cloud’s board of directors. Will Herman currently activates as an angel investor, as the corporate director and mentor at TechStars. He has previously worked as CEO at Innoveda, Inc., which is a supplier of Electronic Design Automation software which has been acquired by Mentor Graphics. Moreover, he has also been the founder and CEO of Viewlogic Systems, the CEO at Silerity and the President at Scopus Technology. Will Herman is on the board of director not only at Standing Cloud, but also at three other private companies. He also provides advice for several start-ups.

    Will Herman stated the following: “Standing Cloud is well-positioned to fill an essential and growing need in the cloud market. Cloud service providers know that they need to offer an application layer for their customers, but have no effective way to build or maintain it. Standing Cloud delivers a solution to that problem today, and I’m excited to get involved.”

    At the moment, Standing Cloud is to be run by Brad Feld from Foundry Group, Rich Levandov, from Avalon, and David Jilk, the CEO of the company.

    David Jilk, the CEO of Standing Cloud, stated the following: “Will is an incredibly smart and passionate entrepreneur, and his experience in developing and growing tech companies in fast-changing, emerging markets like ours is important for us. With our investors showing continued confidence in our market and execution, it’s definitely an exciting time, and we’re thrilled to have Will on board.”

    Standing Cloud is a company which provides seamless application layer for cloud providers, which is a tool which makes the process of development and management faster and easier for their cloud provider customers. Their products include a 100 open-source and commercial applications; its Platform-as-as-Service has capabilities to sustain multiple programming languages, which include Rails, Java, PHP and Python, including a wide range of orchestration software systems.

    The money raised in this funding round is going to be used in order to continue developing the company and the deployment of its cloud application management service for its customers. They also intend to expand the automated application management and managed cloud capabilities. Another project is that of increasing its Application Storefront offering.

    The company has been founded in 2009 and it has, even since, been based in Boulder, Colorado. Standing Cloud has managed to have a fast pace of growth not only due to the fact that it provides services which are needed on the market, but also because it had the capital to sustain the development of the company from its previous rounds of funding which have been led by Foundry Group and Avalon Ventures.

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