Open Source Private Cloud Software Startup Eucalyptus Raises $30M From IVP, Benchmark To Take On VMware

Eucalyptus Systems, the developer of an open source, on-premise private cloud computing platform, has raised $30 million in Series C funding led by Institutional Venture Partners (IVP), Benchmark Capital, BV Capital, and New Enterprise Associates (NEA). To date, Eucalyptus has raised a total of $55.5 million in capital. Led by former CEO of MySQL, Marten Mickos; Eucalyptus helps companies create private cloud computing infrastructure on their own servers. Eucalyptus' software sits inside businesses' firewalls, using their own hardware. As Mickos tells us, IT administrators install the software on their servers, which sits on top of the severs, and are then are able to create private cloud.

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