Joyent's technology stack is based on three layers of "Smart Technologies", which are designed to provide flexible, multi-tenant cloud services.
(WEB HOST INDUSTRY REVIEW) — Cloud computing solutions provider Joyent (www.joyent.com) has secured $15 million in new funding, which will be used to expand its international operations and build market momentum for its core, platform-as-a-service cloud computing technologies.
According to Joyent’s announcement this week, this latest, Series-C investment round was led by Series-B investor Intel Capital, with additional support from existing investor Greycroft Partners and new investor Liberty Global.
Joyent’s “Smart Technologies” are designed to provide flexible, multi-tenant cloud services. Driven mostly by enterprise businesses, the quick adoption of Joyent’s cloud technologies has resulted, according to the company, in recurring customer revenues that have more than doubled since December 2009.
“This infusion will enable Joyent to continue expansion of our Smart Technologies for cloud computing, including our SmartPlatform open source project and node.js support, to extend our product offerings and customer base,” Joyent chief executive officer David Young said in a statement. “It is extremely rewarding to be recognized for our exceptional growth and leadership in the marketplace by such strong and highly regarded investors, and we look forward to leveraging this investment to further expand Joyent smart computing around the world.”
Joyent currently operates out of four US data centers (located in Andover, Mass., Emeryville, Calif., San Diego, Calif., and Dallas, Texas), and one in China. Joyent also supports service providers in Toronto, Las Vegas, and Amsterdam set to come online this summer, as well as a private cloud offering built on Joyent’s cloud technologies and offered through Dell as an OEM solution.
The company recently expanded its operations in Europe, the Middle East and Africa with the addition of EU president Philippe Weppe to lead the company’s build-out in the region and provide greater access to its in-demand cloud computing solutions.
In an effort to bolster its technology portfolio, Joyent recently acquired Vancouver-based Layerboom, a provider of hardware and software virtualization solutions for hosting providers and enterprises.
“Joyent is uniquely positioned to fulfill the growing demand for scalable, high-performance and affordable data center access to help companies of all sizes take advantage of the cost savings and flexibility cloud computing provides,” Intel Capital vice president Lisa Lambert said in a statement. “Joyent has clearly demonstrated the kind of innovation and agility required to capitalize on market opportunities in the evolving cloud computing space.”
Joyent provides the foundation for some of the fastest growing businesses on the Web. Online game developer Kabam (www.kabam.com), for instance, supports millions of users every day on Joyent architecture. Business-oriented social network LinkedIn (www.linkedin.com) and eCommerce business Gilt Group (www.gilt.com) similarly use Joyent infrastructure to deliver their services, as well as reduce costs.
Earlier this week, Joyent announced a partnership with data center operator Switch Communications (www.switchnap.com) to provide a public cloud platform at the company’s highly secure, high-density SuperNAP data center for the first time.
The resulting offering combines SuperNAP’s high-performance connectivity and security, with Joyent’s underlying cloud structure to provide a highly reliable and scalable service for customers such as government agencies, financial firms and multi-media service providers.
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