Thursday, December 2, 2010

Avalon Leads Investment In Standing Cloud

San Diego-based venture capital firm Avalon Ventures has led an investment in a cloud computing company, Standing Cloud, based in Boulder, Colorado. According to Standing Cloud, it received a $3M, Series B financing from Avalon, which also included the firm's prior investor, The Foundry Group. Avalon's Rich Levandov joins Standing Cloud's board as part of the funding. Standing Cloud develops software which makes it easier for users to deploy cloud-based applications. More information »