Jelastic Raises Funding

Jelastic Inc., a Palo Alto, Calif.-based provider of a Platform-as-a-Service (PaaS) for developers, application designers and hosting service providers, raised a funding round of undisclosed amount.

Backers included Maxfield Capital.

The company intends to use the funds to expand both R&D, sales operations and to grow globally.

Led by newly appointed CEO John E. Derrick and Founder and CTO Ruslan Synytsky, Jelastic provides hosting service providers with a cloud hosting platform to run and scale Java or PHP applications.
The compan currently partners with 21 web hosting providers (agreements at varying stages from deployment, beta and commercial) who currently or will soon offer the platform.



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