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Skytap Picks Up $10M in Financing

The cloud automation start-up has gotten a $10 million C round

Skytap, the cloud automation start-up, has gotten a $10 million C round led by OpenView Venture Partners with its existing financiers Ignition Partners, Madrona Venture Group and Washington Research Foundation kicking in.

OpenView, a so-called expansion stage VC fund no older than its new four- year-old investment, gets a seat on the board.

The money, which makes $23 million so far, is earmarked for sales and marketing as well as new product development.

Apparently the start-up, which runs enterprise apps unchanged in the cloud, has seen 300% growth in usage and revenue.

More Stories By Maureen O'Gara

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. Twitter: @MaureenOGara

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