Joyent has netted US$85 million in new venture funding to fuel a global expansion of its cloud services. Most of the new money comes from Weather Invest II Group and Accelero Capital but Telefonica Digital is also investing. Existing Joyent backers include Intel Capital, Epic Ventures, Liberty Global, Greycroft Partners and El Dorado Ventures. San Francisco-based Joyent fields public cloud services itself but also sells cloud technology to businesses wanting to run their own public or private clouds. This financing round will help the company push that dual cloud strategy harder and take on Amazon Web Services, the giant
public cloud service provider.
“We will expand our public cloud service globally in conjunction with Telefonica … The strategy is to compete with AWS by finding key partners globally — sort of a Star Alliance for cloud computing,” Joyent CEO David Young has said.