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May 1, 2012 07:00 pm GMT
EXCLUSIVE-Startup Newvem, which offers a SaaS based service for Amazon/AWS customers that aims to help businesses spend less money and gain more value from Amazons cloud infrastructure, has raised $4 million in funding from Greylock Partners with participation from Index Ventures and Eric Schmidts Innovation Endeavors, as well as angel investors, including David Strohm, George Kadifa, and Maurice Werdegar. As part of this financing round, Greylock's Erez Ofer is joining the Newvem board of directors.Basically, Newvem's KnowYourCloud Analytics is a free SaaS solution for Amazon AWS customers, that provides a 360-degree view of AWS cloud usage, revealing issues and anomalies in their cloud, and recommending actionable insights that help solve not just cost efficiency, but security, availability, and utilization issues.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/g3IiQs-AAUE/
Newvem Raises $4M From Greylock, Eric Schmidt To Help AWS Customers Spend Less Money
EXCLUSIVE-Startup Newvem, which offers a SaaS based service for Amazon/AWS customers that aims to help businesses spend less money and gain more value from Amazons cloud infrastructure, has raised $4 million in funding from Greylock Partners with participation from Index Ventures and Eric Schmidts Innovation Endeavors, as well as angel investors, including David Strohm, George Kadifa, and Maurice Werdegar. As part of this financing round, Greylock's Erez Ofer is joining the Newvem board of directors.Basically, Newvem's KnowYourCloud Analytics is a free SaaS solution for Amazon AWS customers, that provides a 360-degree view of AWS cloud usage, revealing issues and anomalies in their cloud, and recommending actionable insights that help solve not just cost efficiency, but security, availability, and utilization issues.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/g3IiQs-AAUE/
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