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July 18, 2012 05:50 pm GMT

AppDirect Pins Down $8.5M To Build A Cloud App Store Empire In The Sky, Rackspace Newest Partner

linuxcon-cloudsAppDirect, a company that offers white-label cloud-based app stores, has today announced $8.5 million in funding to ride the wave of interest in cloud services and continue its expansion in partnership with third parties. And today the company also announced a new customer in that strategy: Rackspace, which has launched the Rackspace Cloud Tools Marketplace, an online store for cloud-based software and services to more than 180,000 Rackspace customers worldwide.The Series A round was led by with participation from existing investors, and comes on the back of a seed round of $3.25 million raised last year.

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