Cloud Engines Receives $15M in Financing

Cloud Engines, Inc., a San Francisco, Calif.-based producer of a personal cloud solution called Pogoplug, has received $15m in financing.
Investors include new backers Softbank Capital and Morgan Stanley Alternative Investment Partners (AIP) and existing shareholders Foundry Group.
The company intends to use the funds to continue to expand the global distribution of the Pogoplug service and devices.
The Pogoplug service provides private and secure online storage, with no fees or limits, which can be accessed and shared from any computer or mobile device on the Internet.
It is free with the purchase of a Pogoplug-powered device, a small appliance that safely hosts storage from the privacy of a user’s home or office.
Founded in 2007 by experienced entrepreneurs from the digital media and security industries, and led by President and CEO Daniel Putterman, Cloud Engines operates development offices in Israel.

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