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Technology & Innovation

Cloud Computing Boom

As companies look for scalable ways to store their data, cloud computing appears more attractive than ever. The industry is receiving a good amount of venture capital.

Cloud storage startups have received lots of investor love this week. In the past two days, three cloud storage companies raised a total of $30 million, with Gluster bringing in $8.5 million, Zetta scoring $11.5 million and and Nirvanix receiving $10 million. It’s further proof that organizations are looking for scalable (and, ideally, inexpensive) methods for storing their growing data stores, and that cloud computing is becoming an ideal model to do that. This week’s funding announcements aren’t the beginning of any trend, merely a continuance.


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