RightScale Raises $4.5 Million from Benchmark Capital
RightScale’s Automated Cloud Computing Management System Delivers an Easy On-Ramp to Amazon Web Services
SANTA BARBARA, CA--(GMK Communications - Apr 24, 2008) - RightScale Inc., the leading automated management platform for Internet cloud computing services, today announced it has secured $4.5 million in first-round venture financing from Benchmark Capital. RightScale will use the funds to accelerate customer growth and develop more tools that enable developers to create and automate reliable, scalable and high-performing web applications for Amazon Web Services (AWS). Benchmark Capital general partner Kevin Harvey will join the company’s board of directors.
“RightScale’s platform has very quickly become the defacto standard in cloud computing management and provisioning,” said Kevin Harvey, general partner of Benchmark Capital. “The company has an outstanding team in place, a unique offering in a market that is evolving rapidly, and a loyal, paid customer base that has grown more than 500% over the last six months. By combining the platform, tools and expertise required to bridge the gap between today’s IT infrastructure requirements and the promise of pay-as-you-go Internet resources, RightScale serves as an on-ramp to a new frontier in computing.”
For many businesses, designing and deploying the complex software solutions required to tap into AWS creates an obstacle to quick adoption. RightScale's software-as-a-service platform, tools and support enable companies to create scalable web solutions on cloud computing services that are reliable, easy to manage and cost significantly less than traditional hardware server deployments.
The company’s end-to-end cloud management platform features the RightScale Dashboard, pre-packaged open source components, and a design environment that provides developers an unprecedented degree of convenience and automation in deploying multi-server compute clusters. Developers can migrate their web applications to cloud computing services quickly using RightScale’s pre-packaged server templates for web front-end load balancing, MySQL database replication and backup, and grid frameworks for compute-intensive batch processing. Based on patent-pending RightScript technology, RightScale’s server templates provide an easy, open, and flexible design and deployment tool for managing virtual server networks in the cloud. “We are excited to have Benchmark Capital’s support as we enter our next phase of growth,” said Michael Crandell, founder and chief executive officer of RightScale. “Kevin Harvey has an incredible track record for helping companies that offer open platforms with free and premium-user models to grow quickly and extend their market leadership. This investment will allow us to expand and open the RightScale platform to an even larger community of developers and partners who want to leverage the cost-savings and flexibility the cloud offers.”
About Benchmark Capital
Benchmark Capital, a leading international venture capital firm, was founded in 1995 to help talented entrepreneurs with original ideas build successful technology companies. Benchmark’s general partners take a team-oriented, labor-intensive approach to venture investing to deliver a superior level of service to the firm’s portfolio companies. Benchmark’s portfolio includes high-profile start-ups like Infinera, MySQL, OpenTable, Second Life, Tellme, Yelp, and Zillow, and franchise companies such as eBay, Juniper Networks and Red Hat. The firm manages nearly $2.8 billion in committed venture capital. For more information on Benchmark Capital, visit its website at www.Benchmark.com.
RightScale, Inc. is the leader in cloud computing management. RightScale delivers the management platform, tools and expertise that enable companies to create scalable web solutions on cloud computing services that are reliable, easy to manage, and affordable. Funded by Benchmark Capital, RightScale is a private company headquartered in Santa Barbara, California. To learn more about RightScale, or sign up for a free edition of its automated management system, visit www.RightScale.com.RightScale is a registered trademark of RightScale, Inc. All other trademarks are property of their respective owners. Other product or company names mentioned may be trademarks or trade names of their respective companies.