Portland cloud computing startups land venture capital


Portland cloud computing startups AppFog and Cedexis landed $14 million in combined venture capital this week.

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Portland cloud computing startups AppFog and Cedexis landed $14 million in combined venture capital this week.

AppFog landed $8 million in its second round of venture funding, while Cedexis landed $6 million in its first round.

“The cloud” is an industry term working its way into common parlance. Originally it referred to the vague, ethereal realm in which data dwells online. 

Both startups help organizations manage their cloud activity. AppFog’s tools streamline the processes of developing websites and managing them in the cloud. Founded a year ago this month, the company claims 20,000 developers using its tools. With today’s funding, the company said it’s looking to increase that total many times over. 

The $8 million investment is large by Oregon standards; software has historically been a weak link in the state’s tech economy, though a cluster of Portland software developers have begun winning investors’ attention with mobile technologies, social media and web services.

Read more at OregonLive.com.

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