Cloud Computing Funding and Finance

Spanning Cloud Apps has tripled its funding after an undisclosed investor led the company's latest round of financing. The developer of Spanning Backup for Google Apps has added another $6 million to its coffers to build out its direct sales team and its reseller channel. Existing investor Foundry Group of Boulder, Colorado participated in the Series B funding, which has brought the total raised funds for Spanning Cloud up to $9 million....More

AppNeta has raised $16 million in Series C funding, and more than 400 channel partners now use the company's cloud-based application performance management tool....More

Although Rackspace experienced growth during the fourth quarter of 2012, its sales estimates for the quarter were lower than expected. Net revenue was up five percent from the previous quarter and 25 percent over the previous year's fourth quarter, but revenue wasn't up high enough to keep Rackspace's stock value from slipping after the financials were announced....More

New Relic, led by for CA Technologies and Wily executives, is raising money now and preparing for a long-term IPO. The company makes cloud-based application performance management and monitoring tools....More