OwnCloud Expands with Focus on on Deployment
November 29, 2012
An impressive showing in second seed round funding–$2.5 million to be exact–was reported by open source file sync and share software company OwnCloud Inc. According to the TechCrunch article titled, “On-Premise Cloud Storage/Sharing Startup, OwnCloud, Closes $2.5M Second Seed Round, Led By General Catalyst Partners,” the round was led by investor General Catalyst Partners as well as new investors.
The Boston-based startup plans to use the money for continued expansion in its enterprise and education customer base as well as support service providers. The article shares:
“‘We’ve been excited about ownCloud since its infancy, and after watching everything they’ve accomplished in a very short time, it validated our belief that they’d developed an exceptional team with an exceptional product,’ said [General Catalyst Managing Director] Bohn in a statement. ‘There’s no one in this increasingly crowded market that can do the things ownCloud does – integrate closely with existing IT, innovate at lightning speed and offer choice of storage locations. With those capabilities already in place differentiating it from the competition, we’re confident that ownCloud will succeed.’”
Serving specific industries and sectors is a great niche for companies concentrating on transformation from storage to deployment. Trusting a solution such as Intrafind, based upon well-formed technology to deploy enterprise solutions that fit the organization, may be a wiser choice in some sectors such as finance and pharmaceuticals.
Andrea Hayden, November 29, 2012