UPDATED 11:22 EDT / JULY 19 2013

OpenStack Ecosystem Strong on 3rd Birthday : Backers Earn Some Hefty Funding of Their Own

As we celebrate OpenStack’s third birthday, we acknowledge the booming ecosystem it’s created in a relatively short amount of time.  Cloud computing project OpenStack has gained the support of several backers, all contributing to the open source initiative.  And a number of those have received funding recently to further their efforts in the field of cloud computing, storage, cloud management, and cloud in general.

Let’s look at how these OpenStack contributors have fared this year:

Scality

 

A leader in petabyte-scale storage, Scality received $22 million in Series C funding led by Menlo Ventures and Iris Capital, with participation from FSN PME and all existing investors, including Idinvest Partners, OMNES Capital and Galileo Partners.  The finding will be used to strengthen its worldwide sales & marketing initiatives targeting enterprise and service provider markets, and to increase investment in its world-class R&D team.

“Our investors are a perfect match for the DNA of the company:  They share our vision for the future of data storage and they understand the global marketplace.”  said Jerome Lecat, CEO, Scality.  “I have managed several start-ups, but this is the first time I have seen a 5x sales growth on an annual basis.  A disruption is happening in the market and we are driving it.  This is very exciting.  We are going to continue growing and are recruiting to sustain this growth including increasing our investment in R&D.”

eNovance

 

The European open source, cloud-computing leader and multi-cloud management pioneer, recently announced the closing of a funding deal worth $CDN 8.2 million from Entrepreneur Venture, BNP Paribas, Oséo, and its  long-time investor Odyssée Venture.  The funding will be used to be used to support eNovance’s strategic priorities such as strong growth in internal teams, ongoing R&D investment in open source technology, internationalization through increased access to US and Asian markets and targeted strategic acquisitions.

eNovance also announced that Philippe Thériault has been appointed as Chief Commercial Officer for North America.

“The Montreal area is bursting with qualified workers who meet the very exacting needs of our industry. We plan to make Montreal the nerve centre of our North American operations, so the team in the Montreal office, which already has twenty-some employees, will have to grow quickly in the months ahead,” added Nicholas Marchal, co-founder and Technical Director of eNovance.

Mirantis

 

The OpenStack integration specialist secured $10 million in series A funding from Ericsson, Red Hat, and SAP Ventures, and existing investor WestSummit Capital last June.  The funding will be used to accelerate the development of Fuel, the open-source management and deployment tool for OpenStack that it released in March this year.

“The investment by Ericsson, Red Hat, and SAP Ventures is about more than capital,” explained Adrian Ionel, Mirantis president and CEO. “It’s about the integration of Mirantis’ Fuel technology and services with key players in IT.”

Cloudscaling

 

The elastic cloud company announced in May that it has closed a $10 million Series B funding led by Trinity Ventures and two new investors, Juniper Networks, through its Junos Innovation Fund, and Seagate.

This financing round caps a tremendous year of momentum for the company. That momentum affirms the voice of the market, clearly stating that customers want more than the basics of OpenStack. They want an on-premise, OpenStack-based private or public cloud turnkey system solution that delivers architectural and behavioral fidelity with major public clouds like Amazon Web Services. “Our Open Cloud System product delivers on that need to enable hybrid cloud application deployments that span private and public cloud services,” Michael Grant, Cloudscaling CEO, stated.


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