MEDIA RELEASE PR41253
Joyent Secures $15 Million in Series C Funding
SAN FRANCISCO, Sept. 15 /PRNewswire-AsiaNet/ --
Intel Capital, Greycroft Partners, Liberty Global Provide Capital to
Accelerate International Expansion of Core Platform-as-a-Service Technology
Joyent, a leading global provider of smart computing solutions, announced
today that it has secured $15 million in Series C funding to expand
international operations and build momentum in the marketplace for the
company's core platform-as-a-service cloud computing technologies. The round
was led by Series B investor Intel Capital, with additional support from
existing investor Greycroft Partners and new investor Liberty Global.
"This infusion will enable Joyent to continue expansion of our Smart
Technologies for cloud computing, including our SmartPlatform open source
project and node.js support, to extend our product offerings and customer
base," said Joyent CEO David Young. "It is extremely rewarding to be
recognized for our exceptional growth and leadership in the marketplace by
such strong and highly regarded investors, and we look forward to leveraging
this investment to further expand Joyent smart computing around the world."
Rapid adoption of cloud technologies-particularly among enterprise
businesses-has accelerated demand for Joyent's flexible, multi-tenant cloud
technology, resulting in more than doubling of recurring customer revenues
since December 2009. The company recently expanded its operations in Europe,
the Middle East and Africa with the addition of EU president Philippe Weppe
to lead the company's build-out in the region and provide greater access to
its in-demand cloud computing solutions. To bolster its technology portfolio,
Joyent also recently acquired Vancouver-based Layerboom, a leading provider
of hardware and software virtualization solutions for hosting providers and
enterprises.
Joyent now operates smart technology in five data centers in China;
Andover, Mass.; Emeryville and San Diego, Calif. and Dallas, Tx. Joyent also
supports service providers in Toronto, Las Vegas, and Amsterdam set to come
online this summer, as well as a private cloud offering built on Smart
Technologies and offered through Dell as an OEM solution.
"Joyent is uniquely positioned to fulfill the growing demand for
scalable, high-performance and affordable data center access to help
companies of all sizes take advantage of the cost savings and flexibility
cloud computing provides," said Lisa Lambert, vice president of Intel
Capital. "Joyent has clearly demonstrated the kind of innovation and agility
required to capitalize on market opportunities in the evolving cloud
computing space."
For more information about Joyent's unique stack of enterprise-class
About Joyent
Joyent is the premier Infrastructure-as-a-Service (IaaS) and
Platform-as-a-Service (PaaS) provider offering cloud computing solutions
worldwide since 2004. Delivering billions of page views per month, Joyent's
Smart Technologies improve performance, scalability, manageability and
security for thousands of web and mobile applications. Serving a network of
service providers and thousands of customers, Joyent is the only company that
runs a major public cloud infrastructure, builds the technologies that power
that infrastructure, and uses those technologies to enable multiple
third-party public, private, and hybrid clouds. Joyent is a leading
infrastructure provider for some of the fastest growing businesses on the
Web, including:
Joyent is a leading infrastructure provider for some of the fastest
growing businesses on the Web, including:
- Watercooler, which supports millions of users every day on Joyent
Architecture.
- LinkedIn, which delivers billions of pages each month using Joyent
infrastructure services.
- Country Life, which has used Joyent's high performance infrastructure
to scale quickly to over 8 million monthly active users on Facebook
with great gameplay.
- Gilt Group, one of the world's fastest growing eCommerce businesses,
which has been able to reduce costs significantly by building on
Joyent infrastructure.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity
investments in innovative technology start-ups and companies worldwide. Intel
Capital invests in a broad range of companies offering hardware, software,
and services targeting enterprise, home, mobility, health, consumer Internet,
semiconductor manufacturing and cleantech. Since 1991, Intel Capital has
invested more than US$9.5 billion in over 1,050 companies in 47 countries. In
that timeframe, 175 portfolio companies have gone public on various exchanges
around the world and 241 were acquired or participated in a merger. In 2009,
Intel Capital invested US$327 million in 107 investments with approximately
50 percent of funds invested outside the United States and Canada. For more
information on Intel Capital and its differentiated advantages, visit
About Greycroft
Greycroft Partners, based in New York City and Los Angeles, is a venture
capital partnership formed to invest in promising digital media companies.
Greycroft leverages an extensive network of media and technology connections
to help investees gain visibility, build strategic relationships, and
successfully bring their products to market. Greycroft's portfolio companies
benefit from active, hands-on assistance in all phases of expansion. For more
SOURCE: Joyent
CONTACT: Maya Zarchan of SS|PR, +1-719-634-8055, mzarchan@sspr.com, for
Joyent
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