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Nebula bags USD3.5 million new debt funding

April 11
2:47 PM 2014

Nebula, a startup firm focusing on cloud infrastructure, has said that its cloud hardware could weaken that of Amazon’s by 90 percent. The company makes use of private clouds based on OpenStack for different businesses. The implementation would cost USD100000, which the company says is cheaper for a data center capable business, reported Venture Beat.

The company was established in March 2011. Before the company was founded, its CEO Chris Kemp cofounded OpenStack and the head of the Information Technology department of NASA. Currently, Kemp has redirected his focus on giving the masses a grasp on the powerful private cloud technology, said Venture Beat.

In a statement issued by Kemp in 2012, he told Venture Beat that, “We’re democratizing what Google and Facebook have done with their data centers.” This was after Nebula bagged USD25 million from other investors including Comcast Ventures. Kemp also added, “You can use your favorite server vendor and plug those servers into our boxes. You plug in, and 15 minutes later, you have Amazon running on-premises.”

Meanwhile, Nebula has received USD3.5 million worth of debt funds said a filing yesterday. The data was shown in a filing with the Securities and Exchange Commission. Investors for the new debt funding were still left undisclosed.

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