Joyent secures USD 85 million in funding

News Broadband Global 24 JAN 2012
Joyent secures USD 85 million in funding
Cloud computing software and services provider Joyent has completed an USD 85 million funding round, with European group Weather Investment II providing the majority of the round. Weather II was advised by investment and management group Accelero Capital. Telefonica Digital has also participated as a strategic investor. Joyent's technology expertise will help Telefonica enhance its product offering, particularly for SMEs and SoHo customers, Telefonica said. Existing Joyent investors include El Dorado Ventures, Epic Ventures, Greycroft Partners, Intel Capital, and Liberty Global. Throughout 2012 Joyent plans to roll out a collection of seamlessly connected public clouds that serve global corporations with computing services on every continent.

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