RightScale Secures $25 Million in Funding

Cloud Computing Management Leader Closes Third Round of Venture Financing Led by Tenaya Capital

SANTA BARBARA, Calif.--()--RightScale®, Inc., the leader in cloud computing management, announced today it has closed a new round of venture funding led by Tenaya Capital and joined by DAG Ventures and other current investors – Benchmark Capital, Index Ventures and Presidio Ventures. Fast-growing RightScale will use the $25 million in third-round financing to accelerate development of the RightScale Cloud Management Platform, drive the company’s global expansion and grow the ecosystem of third-party publishers.

“This represents a resounding validation of RightScale’s leadership in cloud management and our tremendous potential for expansion in the fast-evolving cloud computing market,” said Michael Crandell, RightScale CEO. “We will continue to drive innovation in cloud automation and workflow, add to our current enterprise capabilities, and enhance our RightScale publishing program. In addition, we plan to expand our support for new public and private cloud infrastructures globally, including accelerating our existing operations in Europe and Asia.”

RightScale is the leading provider of cloud management solutions for designing, deploying, and managing business-critical applications on the cloud. The RightScale Cloud Management Platform reduces the complexity of cloud deployments and lets any organization tap the power of cloud computing for scalable, cost-effective IT infrastructure on demand, with complete control and portability. To date, hundreds of thousands of deployments have been launched on RightScale– running everything from scalable websites to complex grid applications.

"RightScale has established a clear leadership position in cloud computing management, a critically important part of the cloud ecosystem," said Brian Melton, managing director of Tenaya Capital. "The company has built an enthusiastic customer base through a commitment to customer success, an institutional knowledge of best practices and an elegant technology that simplifies complex management tasks. We are excited to have the opportunity to fund RightScale's continued rapid growth."

About RightScale

RightScale is the leader in cloud computing management. Founded in 2006, the company offers a fully automated cloud management platform that enables organizations to easily deploy and manage business critical applications across multiple clouds with complete control and portability. The RightScale Cloud Management Platform is delivered as "software as a service" (SaaS) and is available in a range of editions. To date, thousands of deployments and over 1.5 million servers have been launched on the RightScale platform for leading organizations such as PBS, Harvard University, Zynga and Sling Media. To learn more about RightScale, please go to http://www.RightScale.com.

About Tenaya Capital

Tenaya Capital is a leading venture capital firm with offices in Woodside, California, and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya became an independent company in 2009. Over the years they've raised five funds representing over $1 billion of committed capital, investing it in a wide range of high-growth technology companies including software, consumer Internet, communications, semiconductors, electronics, and cleantech. For more information, visit http://www.tenayacapital.com.

RightScale is a registered trademark of RightScale, Inc. All other trademarks are property of their respective owners. Other product or company names mentioned may be trademarks or trade names of their respective companies.

Contacts

Sheeran/Jager Communication for RightScale
Lisa Sheeran, 510-724-2267
press@RightScale.com

Release Summary

Cloud computing management leader RightScale secures $25 million in third-round venture funding led by Tenaya Capital.

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Contacts

Sheeran/Jager Communication for RightScale
Lisa Sheeran, 510-724-2267
press@RightScale.com