Wednesday, April 29, 2009

Local Company, Eucalyptus, Raises $5.5 Million

Locally based cloud computing company, Eucalyptus Systems, has just completed a funding round which raised $5.5 million. After recently completing a move to new office space in Goleta, the company, which creates software for companies to manage computing clouds, will release their first commercial product in the 3rd quarter of this year. The company was founded by Woody Rollins and Rich Wolski with the technology coming out of UCSB.

Thanks to Derrick Harris at Tech Insider for the information.

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