RightScale Closes $25M Third Venture Financing Round

RightScale, Inc., a Santa Barbara, CA-based provider of cloud computing management solutions, has closed a $25m third venture financing round.
The investment was led by Tenaya Capital, which was joined by DAG Ventures and other existing backers including Benchmark Capital, Index Ventures and Presidio Ventures.
The company will use the funds to accelerate development of the RightScale Cloud Management Platform, nd expand globally, mainly in Europe and Asia, and grow the ecosystem of third-party publishers.
Founded in 2006, RightScale offers a fully automated cloud management platform that enables organizations to deploy and manage business critical applications across multiple clouds with complete control and portability.

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