Eucalyptus Systems Closes $20 Million Investment
Round Led by NEA
Current Investors Benchmark Capital and BV Capital Also Participate in Funding to Fuel Growth of
Private Cloud Computing Leader
July 01, 2010 09:03 AM Eastern Daylight Time
SANTA BARBARA, Calif.--(EON: Enhanced Online News)--EucalyptusSystems, Inc., creator of the leading open
source private cloud software, announced today the completion of a $20 million round of funding led by new
investor New Enterprise Associates (NEA), with participation from current investors Benchmark Capital and BV
Capital. This represents the company’s second round of funding, bringing total capital raised to date to $25.5 million.
Eucalyptus also announced that Peter Sonsini, partner at NEA, has joined the Eucalyptus board of directors. The
company is using the funding to scale development, marketing and sales of its commercial open source private cloud
software to meet increasing demand for more scalable, agile and cost-efficient information technology (IT) systems.
“The market for private and hybrid cloud computing is poised for massive expansion this year, and we are honored
that NEA, one of the world’s largest and most respected venture capital firms, along with current investors
Benchmark Capital and BV Capital, will finance the next, high growth, phase for Eucalyptus,” said Marten Mickos,
Eucalyptus Systems CEO. “Cloud computing is catalyzing a shift in IT that is more significant than anything we’ve
previously seen, paving the way for a huge worldwide increase in data, IT consumption and Internet usage.
Eucalyptus now has the resources to quickly build on our early leadership position, meet overwhelming customer
interest, and help drive this expanding industry.”
NEA’s Sonsini commented, “We’ve been studying this market for some time and early on identified infrastructure
software for cloud computing as a major new opportunity. With a scalable, standards-compliant and mature solution
– as well as unmatched adoption across the globe -- E