Eucalyptus Systems, a Santa Barbara, CA-based developer of an on-premise cloud computing platform, has closed a $30m Series C round of funding.
The round was led by Institutional Venture Partners, with participation from existing investors Benchmark Capital, BV Capital, and New Enterprise Associates (NEA), Inc.
To date, Eucalyptus has raised a total of $55.5 million in capital.
The company intends to use the capital to drive product innovation, sales, and customer support. It is continuing to hire for more than 30 open positions across engineering, sales, marketing, and customer support.
Led by CEO Marten Mickos, Eucalyptus provides IT organizations and technology businesses with a cloud software platform for on-premise Infrastructure as a Service (IaaS). Eucalyptus is built as an open source cloud product and is suited for enterprise-class private cloud or hybrid cloud computing.
The company is now enabling 25,000 cloud starts each year at organizations including Aerospace Corporation, InterContinental Hotels Group, Plinga, PUMA, USDA, and USASpending.gov.
In conjunction with the funding, Steve Harrick, General Partner at IVP, has joined Eucalyptus’ Board of Directors.