Engine Yard Closes Series B Financing

• By theWHIR.com , July 14, 2008

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By Anastasia Tubanos, theWHIR.com

July 14, 2008 -- (WEB HOST INDUSTRY REVIEW) -- Ruby on Rails application deployment and support provider Engine Yard (engineyard.com) announced on Monday it has closed a Series B financing round of $15 million led by venture capital firm New Enterprise Associates (nea.com), with participation from Amazon.com and current investor Benchmark Capital (benchmark.com).

Peter Sonsini, a partner at NEA, will be the newest addition to Engine Yard's board of directors, joining Mitch Lasky and Peter Fenton, Benchmark Capital general partners, who joined Engine Yard's board of directors earlier this year.

In January, Engine Yard closed a $3.5 million Series A investment with the goal of expanding its global operations, strengthening its customer service organization worldwide and enhancing the core technologies that power Ruby on Rails applications.

With this new funding, the company says not only will it accelerate its business, but further support research and development on its new cloud computing cluster platform, a space that has been receiving an overwhelming amount of attention as of late and more and more companies have been looking at getting into.

Engine Yard specifically says in its announcement that this new investment is meant to "cement [its] position as the leading Ruby and Rails in the cloud provider."

The new funding will also continue to drive innovation with Engine Yard's Ruby open-source projects, Rubinius (rubini.us) and Merb (merbivore.com), says the company.

"Ruby and Rails are gaining traction in the enterprise, as companies look for alternatives to Java and .NET that would free up resources, speed up development, and get them to market faster," says Lance Walley, Engine Yard co-founder and CEO. "Engine Yard is committed to delivering the deployment infrastructure, services, and in-house expertise to take Ruby and Rails applications to the cloud. We're pleased that NEA and Amazon.com share our vision and, through their investment, have committed to helping Engine Yard execute on this vision."

Although the press release doesn't divulge much detail as to the extent of Amazon.com's involvement with this Series B round of financing, Engine Yard explains in an email to the WHIR that the Amazon.com investment "has no commercial or business component to it," and that "Engine Yard utilizes S3 today and plans to utilize Amazon web services in future offerings."

Founded in 2006 and headquartered in San Francisco, Engine Yard says it "provides the platform and expert support for deploying Ruby and Rails applications to the cloud."

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