Abiquo Raises $10M in Series B Funding
Published On November 30, 2010 |
Abiquo, a Redwood City, CA-based Enterprise Cloud Management software provider, has raised approximately $10m in Series B funding.
The round was led by Balderton Capital, with participation from existing investors Nauta Capital and Eurecan.
The funding will be used to expand the company’s global sales and marketing efforts, customer support and senior team.
In conjunction with the funding, Bernard Liautaud, a Partner at Balderton Capital, will join Abiquo’s Board of Directors. Mr. Liautaud was the Founder and CEO of Business Objects, the enterprise software company that was acquired by SAP in 2007 for $6.8bn.
Abiquo’s cloud management software is designed to enable enterprises and service providers to extend the capabilities of virtualized environments and to create and manage private, public and hybrid Clouds, significantly decreasing the cost.