Nimbula raises $15M to expand cloud service
Summary
Nimbula, a provider of cloud-computing services, raised an additional $15 million in venture capital funding in a second round led by Accel Partners on Monday. The company bills itself as a provider of a more private and customizable version of online retailer Amazon.com’s on-demand service, which charges users hourly rates to rent computing resources via the Internet. Amazon.com’s service, called the Elastic Compute Cloud or EC2, was also developed by Nimbula cofounders Chris Pinkham and Willem van Bijon. Nimbula’s launch was formally unveiled at Structure, a cloud-computing conference held in San Francisco, in June after it raised $5.75 million from Sequoia Capital. The cloud service provider joins several others that have also secured venture capital funding recently, including Eucalyptus and Makara.