Nimbula Announces $15 Million Series B Round of Financing; Total Funding Exceeds $20 Million - August 22, 2010
Menlo Park - August 23, 2010 - Nimbula, the Cloud Operating System Company, today announced that it has secured $15 million in its second round of venture capital funding led by Accel Partners. Current investor Sequoia Capital, which led Nimbula's first round of venture financing, also participated in this round. In addition, Nimbula announced that Accel Partners' Ping Li has joined the company's board of directors. The new funding will be used to continue the company's investment in innovation around hybrid cloud computing technologies and to drive market adoption of Nimbula's product offering for the management of on- and off-premises infrastructure.
Nimbula, which emerged from stealth mode in June 2010, was founded by former Amazon executives Chris Pinkham and Willem van Biljon, who led the development of the Amazon EC2 public cloud service (http://nimbula.com/news/2010/06/23/amazon-veterans-launch-company). Nimbula's business and technology focus is on blending EC2-like scale, agility and efficiency with private infrastructure customization and control (http://nimbula.com/news/2010/06/23/startup-announces-cloud-computing-operating-system).
"Accel Partners has a superb track record in identifying winning technology companies in high growth markets, and we are delighted that they recognize the value of our vision by joining our team," said Chris Pinkham, co-founder and CEO of Nimbula. "Together with Sequoia Capital, Accel Partners brings valuable insight and acumen along with proven entrepreneurial spirit which will help to guide and fuel our growth in the fast-growing multibillion dollar cloud computing space."
"We have been active in the private cloud computing space and spoke with many customers looking for a solution," said Ping Li, Partner at Accel Partners. "We identified Nimbula as the only vendor having the technology and proven experience to capture the leadership position in this growing market. We look forward to rolling up our sleeves and working with the team as they build a great company."
"Nimbula has moved with extraordinary speed and agility having started from two founders quietly developing their offering in Sequoia Capital's offices to emerging as a leader in private cloud infrastructure," said Roelof Botha, General Partner at Sequoia Capital. "We are proud to continue our partnership with Chris and Willem during this pivotal growth phase as they bring their solution to market."
For the latest on Nimbula, go to: http://nimbula.com/news/
About Accel Partners
Founded in 1983, Accel Partners has a long history of excellence and innovation in venture capital, and is dedicated to partnering with outstanding entrepreneurs and management teams to build world-class businesses. Accel today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California, London, UK, New Delhi and Bangalore, India as well as in China via the IDG-Accel Partnership. With over $6 billion under management, Accel has helped entrepreneurs build over 300 successful companies, many of which have defined their categories, including: Actuate, Acopia, AdMob, Agile Software, Alfresco, AMCC, Arrow- point, BBN, Brightcove, ComScore, Etsy, Facebook, Foundry Networks, Gameforge, GlamMedia, Groupon, Imperva, Infinera, Interwoven, JBoss, Kayak, Macromedia, Maven Networks, metroPCS, NextG Networks, Polycom/PictureTel, Portal Software, QlikTech, Rapt, Real Networks, Redback Networks, Riverbed, UUNet, Veritas, Walmart.com, Webroot, Wily Technology, XenSource and Zimbra. For more information, please visit the Accel Partners web site at www.accel.com, or on Facebook at www.facebook.com/accel.
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs," Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Networks, Jonathan Kaplan of Pure Digital, Tony Hsieh of Zappos, Omar Hamoui of Admob and Steve Streit of Green Dot. To learn more about Sequoia Capital, visit www.sequoiacap.com/us/technology.
Founded by the team that developed the industry-leading Amazon EC2, Nimbula delivers a comprehensive cloud operating system that uniquely combines the scalability and operational efficiencies of the public cloud with the control, security and trust of today's most advanced data centers. Nimbula is headquartered in Menlo Park, California and has a development team in South Africa. For more information, visit http://nimbula.com.
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