Cloud computing company CloudShare completed a third fund-raising round today. It raised $10 million.
CloudShare was founded in 2005. It provides cloud computing services to developers, enabling them to build, manage and share business applications in the cloud. So far, including the current round, the company has raised $26 million.
The round was led by US VC firm Globespan Capital Partners, with existing investors Sequoia Capital, Charles River Ventures, and Gemini Israel Funds also participating.
According to CloudShare CEO Guri Stark, the company's customers are the 20 million independent developers around the world. "They develop applications, and we provide them with all the tools they need."
At present, the company is focusing on these developers, but Stark says that it will shortly offer products both to large companies and to private customers. "The company is growing rapidly, and we currently have fifty thousand users. Our customers also pay a usage fee."
Most of CloudShare's customers are in the US. "We market ourselves in English, but we have discovered that we have sales in Asia as well, without intending it," Stark says.
Published by Globes [online], Israel business news - www.globes-online.com - on July 6, 2011
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