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OpenStack vendor Metacloud scored $15m in venture funding this week, which will go towards enhancing visibility for its products and services

OpenStack vendor Metacloud scored $15m in venture funding this week, which will go towards enhancing visibility for its products and services

Metacloud, an OpenStack vendor started by former techies at Yahoo and Ticketmaster, announced Thursday that the company has raised an additional $15m in funding. The company said it will use the funds to expand awareness of its enterprise-grade OpenStack distribution and OpenStack-based hosting business.

Metacloud, which was founded in 2011, is similar to Mirantis in that it offers a commercial distribution of OpenStack for on premise or private cloud platforms. But it also offers a hosted version of its offering to enterprises from datacentres in the east and west coast US, Amsterdam, and Singapore.

The recently announced $15m brings the total amount secured by the company to $27m.

“We see this round as further validation of both our business model and our technological capabilities,” said Steve Curry, co-founder and president at Metacloud and former global storage operations manager at Yahoo.

“We have filled a significant market gap by offering solutions that combine the convenience of public cloud with the security, predictability, and economic advantages of private cloud. And the market is responding.”

Curry said adoption of Metacloud has accelerated dramatically over the past year, and that the company’s install base has doubled over the last quarter with average customer growth at 10 per cent month over month.

While many incumbents including some of its largest backers view the commercial OpenStack market as fairly young there’s little doubt across the sector that it could pay huge dividends in the long-run (much like Linux).

OpenStack has a community of over 300 enterprises, vendors and cloud service providers including heavyweights like HP, IBM and Red Hat backing the open source platform, with many racing to develop commercial products that can take advantage of its elasticity, orchestration and federation abilities.

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