Nebula Raises over $25M

Nebula, a Palo Alto, Calif.-based provider of systems dedicated to enabling enterprises to deploy on-premise private cloud computing infrastructures, raised more than $25M in Series B equity funding and debt financing.

The equity round was led by Comcast Ventures, with participation from Highland Capital Partners, Kleiner Perkins Caufield & Byers, Innovation Endeavors and individual investors Andy Bechtolsheim, David Cheriton, Ram Shriram, Harris Barton, William Hearst III, Scott McNealy and Maynard Webb.
Debt financing and credit facilities were provided by Silicon Valley Bank.

The company intends to use the funding to expand the number of companies that will participate in the beta, continue to expand its product and engineering teams, build a petascale test system, and accelerate development and testing of its product.

Led by Chris C. Kemp, CEO and co-founder, Nebula has assembled a team of more than 50 engineers to enable businesses to deploy large private cloud computing infrastructures. Its private cloud system allows businesses to build a massive private computing cloud from hundreds or thousands of inexpensive servers.
Its private beta program that began in March with biotech, financial services and media companies.



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