Deal Announcements

Standing Cloud Grabs $3 Million VC Investment

Friday, November 11, 2011 5:54:00 AM PDT | VentureDeal Staff

   Boulder, Colorado  --  Software company Standing Cloud has raised $3 million in a new round of venture capital financing.

Standing Cloud provides application deployment and management services in a simplified format for developers and businesses.

Existing investors Foundry Group and Avalon Ventures made the investment. The company said it would use the funding for continued development and deployment of its platform-as-a-service (PaaS).

The company also announced the addition of several senior executives to its team.

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