Blue Box, a cloud startup that aims to deploy private clouds anywhere in the world in under an hour, has completed a $10 Million Series B financing round with investors Voyager Capital and Founders Collective.
Blue Box launched in general availability in May 2014 with a “best of both worlds” solution designed to provide the agility and elasticity of public cloud coupled with the control, compliance, data sovereignty, and performance benefits of a traditional, on-premise private cloud.
According to a blog post from Blue Box founder and CTO Jesse Proudman, the Series B funding will help further develop its technology, including updates to its management suite, Box Panel, and adding features to Blue Box Cloud deployments. The company will also be hiring in its engineering department, and invest in sales and marketing.
Proudman sees Blue Box as a unique solution in the marketplace. It basically allows private OpenStack clouds to be consumed as a service rather than require companies to build their own private cloud solutions on their own infrastructure, using an OpenStack distribution. Blue Box provides customers a private cloud on dedicated hardware and manages it on their behalf.
“We feel fortunate to have entered the market with a unique product, at a point in time where OpenStack has reached a level of operational and feature maturity, and customers are ready to shift their focus from running infrastructure to building apps that bring true enterprise value,” Proudman wrote.
“OpenStack is the open source cloud platform for the future, and Blue Box has delivered a service powered by the software that is precisely what many enterprises and service providers want to consume.”
Private cloud is still enormously appealing for companies. A recent report from analyst firm Technology Business Research anticipates private cloud adoption to grow at a faster rate than companies choosing the public cloud. Private cloud was worth $8 billion in 2010 and $32 billion in 2013, and is expected to grow to $69 billion in 2018.
Blue Box is planning a comprehensive partnership strategy to be announced in within the next weeks and months.