Metacloud Raises $15M In Series B Funding For OpenStack-Based Private Cloud Solutions

Metacloud recently announced the finalization of $15M in Series B funding in a round led by Pelion Venture Partners, Silicon Valley Bank, and UMC Capital, with additional participation from existing investors AME Cloud Ventures, Canaan Partners, and Storm Ventures. The funding will be used to accelerate the company’s product development as well as to expand its team. Currently, Metacloud offers two OpenStack-based private cloud products in the form of Metacloud OnPrem and Metacloud Hosted. Metacloud OnPrem represents an enterprise-grade on premise private cloud solution whereas Metacloud Hosted constitutes a private cloud solution hosted by Metacloud that absolves customers of the hassles of maintaining a datacenter. The Series B funding testifies to Metacloud’s increasing traction in the commercial OpenStack space and the conviction of its investors that it can carve out a niche in the highly competitive, OpenStack-based private cloud market. Metacloud’s total funding now stands at $27M.

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