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Cloud Computing Gathers Steam with $6.4M Round for SOASTA




SOASTA, the leading provider of cloud-based testing solutions, today announced the successful close of $6.4 million in Series B funding. New investor, Formative Ventures, a leading early-stage venture capital firm focused on next-generation emerging technologies, led the round with continuing participation from previous investors including Canaan Partners and The Entrepreneurs’ Fund. The new funding will be used to support product enhancements, marketing, and business development efforts to address the growing demand for SOASTA’s web testing solution for Cloud Computing environments.

SOASTA also announced that Clint Chao, co-founder and general partner at Formative Ventures, has been elected to the company’s board, joining Canaan Partners and The Entrepreneur’s Fund.

“We’re always on the lookout for promising companies that provide a critical missing link that can serve as a catalyst for market growth,” said Clint Chao, general partner, Formative Ventures. “In SOASTA, we found a fast growing company that helps enterprises more readily and comfortably move their data onto cloud networks. SOASTA’s ‘reliability-as-a-service’ solution enables companies to easily test the performance and scale of their platform, whether they’re hosted behind a firewall, or out on one of the cloud networks, and that should further accelerate cloud market adoption.”

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Avastu Blog is migrating to IdeationCloud.com; 1st Jan 2009 live

YOU DON'T HAVE TO DO ANYTHING. WITHIN 2 SECONDS YOU WILL BE REDIRECTED TO THE NEW HOME OF AVASTU BLOG. PLEASE DO UPDATE AVASTU BLOG'S URL to : http://www.ideationcloud.com on your website.

I will send out emails personally to those who are using my link(s) on their sites.

Thanks much for your co-operation and hope you enjoy the new site and its cool new features :-)




Not like the site is unlive or something..on the contrary, its beginning to get a lot of attention already. Well most of the work is done, you don't have to worry about anything though:

What won't change

Links/Referrals: I will be redirecting the links (all links which you may have cross-posted) to IdeationCloud.com - so you don't have to do anything in all your posts and links. Although, I would urge however that you do change the permalinks, especially on your blogs etc yourselfThis blog is not going away anywhere but within a few months, I will consider discontinuing its usage. I won't obviously do …