Investors made a crowd around the cloud this week, investing $175 million in companies focused on everything from storage to the WAN to the supply chain.
Sure, “the cloud” is a broad term and in reality, what new tech company doesn’t have some cloud angle? But 5 companies that announced funding this week, some familiar to us and some not, all have legit claims on being cloud computing businesses.
The big winner of the bunch this week was FinancialForce.com, a San Francisco cloud ERP provider based on the Salesforce1 Platform that touted $110 million in fresh funding led by Technology Crossover Ventures. Existing investor Salesforce Ventures also chipped in. The $110 million, which will go toward product development, sales, marketing and more, adds to $50 million committed about a year ago by Advent International.
