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Skytap Picks Up $10M in Financing

The cloud automation start-up has gotten a $10 million C round

Skytap, the cloud automation start-up, has gotten a $10 million C round led by OpenView Venture Partners with its existing financiers Ignition Partners, Madrona Venture Group and Washington Research Foundation kicking in.

OpenView, a so-called expansion stage VC fund no older than its new four- year-old investment, gets a seat on the board.

The money, which makes $23 million so far, is earmarked for sales and marketing as well as new product development.

Apparently the start-up, which runs enterprise apps unchanged in the cloud, has seen 300% growth in usage and revenue.

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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at) or paperboy(at), and by phone at 516 759-7025. Twitter: @MaureenOGara

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