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Greenqloud, a hybrid cloud management platform raises total funding of $4.5M

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Greenqloud which is known for its easy-to-use cloud infrastructure software solutions and commitment to sustainability, raised an amount of $ 4M in Series B funding.

Iceland- August 14th, 2016. RedNewswire/-

Greenqloud is a leading provider of cloud management software and has been lauded by the industry for its premier software Qstack, the easy-to-use comprehensive cloud infrastructure solution for private, public or hybrid cloud.

Greenqloud was founded in 2010, it initially was the world’s first company to offer a public cloud powered by data centers using 100% renewable energy. .

In 2014 it pivoted to focus solely on Qstack development drawing from its immense experience from running a public cloud for 4+ years with thousands of users from over 80 countries and key components development for open source projects like Apache Cloudstack.

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Tryggvi Larusson is the Founder & CTO and  Eirikur Hrafnsson  is the Co-Founder & COO of the company. The company is headquartered in Kringlan 5 4th Floor Reykjavik, N/A 103 Iceland, which has 11-50 working employess.

The company has won several Icelandic government grants, such as the technology grant from Rannis (The Icelandic Centre for Research) and the IMPRA grant from Nýsköpunarmiðstöð Íslands (Innovation Center Iceland).

Greenqloud is a key player in the global IT industry with Qstack, its cloud software solution. Qstack can be used to monitor public, private and hybrid cloud infrastructure.its features include Single pane of glass hybrid cloud platform,built in compute and object storage, EC2 and Amazon S3 compatible APIs, manage a multi-zone environment, supports commercial hypervisors and open source,built-in analytics and monitoring.

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In May 2010, it raised funding amount of $500K by an angel investor. Then in July 2010, received a prize money of $100K.

In Oct 2014, it raised Series A funding by the key investors – Novator AB, Even Keel Investments, NSA Ventures. However, the amount funded was undisclosed.

Greenqloud again raised a Series B funding of amount $ 4M funded by Kelly Ireland on 11th August, 2016.

 

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