PowerCloud Systems Receives Investment from Walden Venture Capital and Javelin Venture Partners
PowerCloud Systems, Inc., a Palo Alto, CA-based provider of cloud-based software that OEMs integrate with their business networking products, has received an equity investment from Walden Venture Capital and Javelin Venture Partners.
They are joining PARC (Palo Alto Research Center Incorporated), a center for commercial innovation, as investors in the company.
PowerCloud™ Systems, which has also announced the spin-out from PARC, where it has been incubated since early 2008, is initially focusing on offering cloud-managed networking solutions for small and medium-sized businesses.
The company invents and engineers cloud-based technology designed to help OEM vendors make business networking devices easier to deploy, secure, and manage.
Its management team includes Jeff Abramowitz, who conceived PowerCloud systems and will serve as president and chief executive officer, as well as Andrea Peiro, who will serve as vice president of product development and marketing.
PowerCloud Systems is a Startup@PARC company (www.parc.com/services), a program that brings entrepreneurs, researchers, and investors together to transfer transformative technologies to market.