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The Journal Of A Linux Sysadmin

RightScale Secures $13M in Second Round Venture Funding

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Cloud computing management software RightScale secured $13 million in second round venture funding (after first round $4.5 million back in April).

Michael Crandell, CEO of RightScale, commented: “Over the next five years, spending on IT cloud services is expected to grow almost threefold, reaching $42 billion by 2012, according to industry research firm IDC. Specializing from its inception exclusively on cloud computing technology, RightScale is well positioned to maintain its leadership position as this industry matures. The company has two years of real-world cloud computing experience and thousands of live deployments. Over 200,000 servers have been successfully launched using the RightScale cloud management platform.”

Full Press Release: http://www.rightscale.com/news_events/press_releases/2008/08december2008.php

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