By Telecom Lead Team:
Joyent, a provider of cloud computing software and services, announced that it
has completed an $85 million funding round.
European group Weather Investment II provided the
majority of the fund along with Accelero Capital, an investment and management
“We believe that Joyent’s unique approach to cloud
and systems solutions provide an edge compared to other providers,” said Khaled
Bichara, co-CEO of Accelero Capital.
Existing Joyent investors include El Dorado Ventures,
Epic Ventures, Greycroft Partners, Intel Capital, and Liberty Global.
Telefonica Digital, the growth arm of global telecom
leader TelefÃ³nica, is also participating as a strategic investor.
Cloud-based services are a key focus area for
TelefÃ³nica’s new Digital unit, and Joyent’s technology expertise in this area
will help Telefonica enhance its product offering.
“This investment is further proof of our ambition in
the area of cloud services and is in line with our strategy of working with
leaders like Joyent, which is poised to vastly improve the way computing is
carried out worldwide. Joyent’s technology fits perfectly with technologies
developed in-house and our cloud services model, and enables us to provide more
competitive offerings to a broader range of customer segments,” said Matthew
Key, chairman and CEO, Telefonica Digital.
Joyent will roll out connected high performance public
clouds throughout this year. David Young, founder of Joyent said that this
funding will enable Joyent to build out a global compute offering to assist
customers in expanding consistent software, support and services to their
Last year, Joyent along with XYBASE, a provider of IT solutions for global governments and
corporations and Anise Asia Cloud, a Joyent-powered cloud service provider for
South East Asia, announced a strategic alliance.