OpenStack-as-as-Service Provider, Metacloud, Raises $15 Million in Series B Financing

Metacloud Inc., a provider of OpenStack-as-a-Service for some of the world’s largest companies, has closed a $15 million Series B round of funding featuring new investors Pelion Venture Partners, Silicon Valley Bank, and UMC Capital, as well as prior investors AME Cloud Ventures, Canaan Partners, and Storm Ventures.

private-cloudMetacloud will use the Series B funds to expand its team of employees, which has already more than doubled over the past year, and to accelerate the evolution of its product platform. The company currently offers two private cloud solutions: Metacloud OnPrem and Metacloud Hosted.

“With Metacloud, we see a company that has the potential to transform how global enterprises are working with OpenStack,” said Blake Modersitzki of Pelion Ventures. “The customer base, product maturity, and team are all exceptional.”

OnPrem or Hosted

Metacloud OnPrem is a solution based on OpenStack that can run on all leading hardware platforms and includes continuous feature updates. It puts the agility of public clouds behind client firewalls, on their hardware, in their data centers, with click-to-compute capability that allows users to access the resources they need almost instantly.

Metacloud Hosted is a turn-key solution that bundles the company’s same OpenStack-based platform and expert support with global cloud hosting, hardware, and networking technology to deliver the security, performance, and economic benefits of a private cloud with the on-demand provisioning of the public cloud

The OpenStack-as-a-Service provider recently announced that video streaming platform Ooyala has selected them to build, deploy, and manage an on-premises private cloud in their Santa Clara data center. Ooyala was faced with either attempting to hire and retain a team of OpenStack experts in a tight labor market, or finding a company with OpenStack expertise that could manage the cloud for them. With Metacloud they found what they needed.