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Cloud Expo: Article

Engine Yard Gets More Money

It's raised $19 million in third-round financing, pushing it total funding over $37 million
By Maureen O'Gara
Article Rating:
October 9, 2009 03:00 PM EDT
Reads:
 745

Engine Yard, the Ruby-on-Rails automation and management start-up, has raised $19 million in third-round financing, pushing it total funding over $37 million.

Investors included Amazon, DAG Ventures, Bay Partners, Presidio Ventures (which is really Sumitomo), Benchmark Capital and New Enterprise Associates.

The money is meant to scale the Engine Yard Cloud, its self-healing application services platform for Ruby-on-Rails applications, for the enterprise.

The company has a yen to be the dominant platform for cloud computing, but then so does everybody else.

The money is also supposed to be used to build support for the open source JRuby development teams as well as other open source projects such as Rubinius.

Published October 9, 2009 – Reads 745
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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