Cloud computing is a style of computing in which dynamically scalable and often virtualized resources are provided as a service over the Internet.Users need not have knowledge of, expertise in, or control over the technology infrastructure in the "cloud" that supports them.
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Cloud computing is a style of computing in which dynamically scalable and often virtualized resources are provided as a service over the Internet.
3Crowd Technologies Secures Series A Funding
San Mateo, CA/April 13, 2010 – 3Crowd Technologies, a provider of management tools for cloud-based services, today announced it has secured $6.62 million in Series A financing from Canaan Partners and Storm Ventures.
The financing demonstrates the continued interest in cloud-computing models and now the effective management of those increasingly popular services.
“We are building toward a series of products and services which allow for the effective deployment, management and operation of cloud-based services,” said Barrett Lyon, CEO of 3Crowd and creator of the Opte Project, an Internet mapping project, founder of Prolexic Technologies and co-founder of BitGravity. “We have launched a product targeted at cloud resource management and are now, with this funding, embarking a journey which will disrupt and define a new era of Internet data delivery.”
3Crowd has developed a series of management tools that give enterprises greater controls over content delivery and other cloud services, enabling them to use multiple services at once and thereby command new pricing and performance dynamics. 3Crowd’s flagship product, CrowdDirector, effectively unifies any services that are based on web protocols, so they can be monitored, managed and deployed as a single service.
“3Crowd represents a proto-typical investment for Canaan: an extraordinary market and technology vision of a proven entrepreneur combined with a solid operational plan to execute against that vision,” said Maha Ibrahim, general partner at Canaan. “We look forward to working with Barrett and his team to leverage our experience to realize the potential for 3Crowd.”
With the investment, Ms. Ibrahim will join Mr. Lyon, his co-founder Chris Wallace, and Ryan Floyd of Storm Ventures on the 3Crowd Board of Directors. The company received initial financing from Storm Ventures, Revision3 co-founders, Kevin Rose and Jay Adelson, and Greenwich Technology Associates.
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