February 05, 2013
SAN FRANCISCO, Calif., Feb. 5 – Piston Cloud Computing, Inc., the enterprise OpenStack company, today announced it has raised $8 million in Series B funding. The investment will be used to fuel product development, meet the needs of Piston Cloud's rapidly expanding customer base and further deliver on the company's vision for mass adoption of OpenStack. Cisco Systems Inc., Data Collective and Swisscom Ventures join Divergent Ventures, Hummer Winblad and True Ventures as principal investors.
"Our investors' confidence in Piston Cloud validates our strategy and the pioneering work we have done over the last two plus years in the OpenStack community," said Jim Morrisroe, CEO of Piston Cloud. "This new investment will enable us to build on this foundation and to accelerate our growth as we work to enhance our products, grow our customer base and establish new partnerships."
About Piston Cloud Computing, Inc.
Piston Cloud Computing, Inc. is the enterprise OpenStack company. Founded in early 2011 by technical team leads from NASA and Rackspace, Piston Cloud is built around OpenStack, the fastest growing, massively scalable open cloud framework. Piston Enterprise OpenStack is the first fully automated bare-metal cloud software built on OpenStack and the first OpenStack distribution specifically focused on security and easy operation of web-scale private clouds. Piston Cloud is based in San Francisco and funded by Cisco Systems, Inc., Data Collective, Divergent Ventures, Hummer Winblad, Swisscom Ventures and True Ventures.
Source: Piston Cloud Computing
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