Engine Yard takes $15mill Series B Round from NEA, Amazon and Benchmark
Posted by ezmobius Mon, 14 Jul 2008 00:17:00 GMT
Man it seems like yesterday that Engine Yard was a small 3 person startup with big ideas and little cash. People seemed to like what we were offering and the business grew into a thriving startup.
In the beginning we only had plans to be the best fully managed rails/ruby hosting company. And I think we met this goal early on. But it became apparent that we had a strong brand and we started kicking around ideas of becoming an open source software company as well.
Engine Yard has become much more then just a managed rails hosting company, we want to strengthen the Ruby ecosystem for everyone by providing the infrastructure and open source software for the next wave of Ruby deployments in the cloud.
We’ve also been delving into the cloud computing arena as I think the next 5 years are going to see huge transition from standard hosting models into the cloud. Our upcoming Vertebra project is a new application programming platform for building distributed cloud applications with XMPP. You can expect to see the first open source release of Vertebra this summer, I think this is a truly unique and very fun project to work on. I think a lot of folks out there will have tons of different use cases for it.
So fast forward to right now, Engine Yard now has more then 80 employees worldwide. Half of these people are Application Support and SysAdmins working to support all the awesome applications we host. Providing 24/7 support. But we also have a growing Engineering team working on all kinds of exciting stuff. I consider myself lucky to work with such a talented team.
So with all that being said, I’m excited to annouce that we have just closed our Series B round of VC funding totalling $15million dollars(insert austin powers joke here)! This round includes investment from NEA, Amazon and Benchmark.
We’re going to use this money towards making Ruby the platform of choice for cloud computing and web development in startups and the enterprise alike.
Watch this space, we have lots of exciting announcements in the coming months. I’d like to thank all of our customers and users of our open source software and the Ruby community in general. It has been a wild ride these last 2 years and I expect many more exciting things to come!