Friday, July 25, 2008

VCs Have Their Heads in the Clouds

Interesting article over at about venture capital and cloud computing. The article states that so far this year companies providing cloud services or building services on top of the cloud have raked in more than $70 million in VC funding. That's an amazing number, given industry is just emerging and the opportunities are still for the mos part unknown.

Enomaly was also mentioned, "With the exception of Enomaly and Coghead, all of these startups have scored venture funding this year."

The only problem with the article was I was misquoted. The article stated that I was getting 40 VC inquires a week. The actual number is 40 or so all toll.

It's great to see so much interest in cloud computing and this can only help upstarts get the funding they need to become the next Google!

Read the whole article here >

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