Who Say’s VCs Aren’t Funding? 25 Cloud Startups That’ll Prove You Wrong

(This was originally posted on http://www.undertheradar.com and is being cross-posted here.)

“Are companies getting funded?” The answer still appears to be yes. As long as the market opportunity is solid, the company has an “A” team (or is close to achieving that), and they’re solving real pains for known, addressable customers, the funding still seems to be flowing. Here are a handful of companies in the space that have received funding in 2008 and already in 2009.

So while you are ramping up early customers, keeping your burn rate low, and learning as much as possible from your early customers, (and if it makes sense to take venture capital which is a whole separate post), then you probably want to keep pitching to prospective investors. It might take a little while longer but if you have the right ingredients there is funding out there.

We will be able to announce more financing events soon from some new and exciting companies so stay tuned! Also, if you know of other companies getting funded, leave us a comment below or email us at <utr at dealmakermedia dot com>.




$1.5M Series A Jully 2008 from Union Square Ventures

Altor Networks

Series A: $6M Apr 2008 from Accel Partners, Foundation Capital


Series B: $56.6M Jul 2008 from Sequoia; Series C: $10M from GGV and Sequoia


$8M Series B Sep 2008 from Venrock and Kodiak Venture Partners; Also funded byFirst Round Capital; Khosla Ventures; Marc Andreesen, Ben Horowitz, and Ron Conway.


$7M Series A Nov 2007 with Greylock Partners, Madrona Venture Group. Additional investors include Marc Andreesen, Frank Artale, Ben Horowitz, Ignition Partners, and Shasta Venture Group

Aster Data Systems

$17M Series B Feb 2009 led by JAFCO Ventures, and including Sequoia Capital, Cambrian Ventures and First Round Capital and IVP.

BlueStripe Software

$5M Series A Dec 2007 from Trinity Ventures


Undiscolsed Series A Jan 2009 Benchmark


$4.5M Series B Dec 2008 Troika Dialog

Good Data

$2M seed July 2008 from Esther Dyson and Tim O’Reilly


$3M Series A May 2008RedPoint Ventures

IT Structures

$5M Series A March 2008 Sequoia


$11M Series B June 2008 Battery Ventures, Gemini Israel Funds

New Relic

$3.5M Series A April 2008 Benchmar; $6M Series B Nov 2008 Benchmark and Trinity;


Series A 2007: Kleiner Perkins Caufield & Byers; Highland Capital Partners; Stanford University; $20M Series B, Feb 2009; KPCB; Highland Capital; Jafco;


$11.37M Series A June 2008 Charles River Ventures and Menlo Ventures


$4.5M Apr 2008 from Benchmark; $13M Dec 2008 with Index and Benchmark;


$6M Series A 2008 Allegis Capital Granite Ventures


$5M A 2007 Columbus Venture; $20M B Feb 2009 Reinet Fund (nee Columbus)


$5M Series B Dec 2008 Longworth Venture Partners, Egan-Managed Capital Mesco Ltd. and the Massachusetts Technology Development Corp

Virtual Computer

$15M Series B Jan 2009 Highland Capital Partners, Flybridge Capital Partners, Citrix® Systems, Inc.


$4.6M Series A Feb 2008 Polaris Venture Partners; Hummer Winblad Venture Partners.


$10.7M Series A Sigma Partners and Foundation Capital.


$6.5M Series A, Mar 2008 Benchmark Capital, Marc Benioff; $??M Series B Oct 2008, Shasta Ventures, Lehman Brothers, Benchmark Capital, Marc Benioff


$8.5M Feb 2009 First Round Capital,