Eucalyptus Raises Funds for Open-Source Clouds

SANTA BARBARA, Calif. -- Eucalyptus Systems, Inc., creators of the leading open source private cloud platform, today announced that it has closed a $5.5 million Series A round of venture financing led by Benchmark Capital with BV Capital also participating. The funding marks the launch of Eucalyptus Systems as a private company that will build and service enterprise-grade products based on the Eucalyptus open source private cloud software. Eucalyptus Systems mission is to support the open source Eucalyptus cloud platform and to deliver on-premise private and hybrid cloud computing solutions for large-scale enterprise deployments.

“Eucalyptus Systems will ensure the viability and growth of Eucalyptus well beyond its life as a university research project, while also extending the technology to meet the needs of organizations that require high scalability, reliability, and enterprise-grade support,” said Dr. Rich Wolski, Eucalyptus Systems co-founder, CTO and former director of the Eucalyptus research project at the University of California, Santa Barbara (UCSB). “Eucalyptus Systems will enable businesses of any size to leverage their own IT resources to get the benefits of cloud computing without the concerns of lock-in, security ambiguity, and unexpected storage costs that can be associated with public clouds.”

Eucalyptus Systems Inc.