Piston Cloud Computing Lands $4,500,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=42136531-53e8-4a7f-beef-6761b7880d46&Preview=1
Date
7/11/2011
Company Name
Piston Cloud Computing
Mailing Address
141 Central Avenue San Francisco, CA 94117
Company Description
Piston is focused on delivering on- and off-premise products and solutions that make Cloud Computing usable for the Enterprise. The team is composed of the major architects from the OpenStack project, recently spun out of NASA and quickly becoming the lead open source IaaS platform.
Website
http://www.pistoncloud.com
Transaction Type
Venture Equity
Transaction Amount
$4,500,000
Transaction Round
Undisclosed
Proceeds Purposes
Piston Cloud technology is currently in limited beta, with a public release expected in Q4 2011.
M&A Terms
Venture Investor
Hummer Winblad Venture Partners
Venture Investor
True Ventures
Venture Investor
Divergent Ventures