Sonoa lands $10M for cloud hosting
Software provider Sonoa Systems announced that it raked in $10 million in third-round funding to expand its sale and marketing operations. The Santa Clara, Calif.-based company hosts computing platforms for businesses. This means they provide storage, security, and traffic management and measurement services for their clients’ websites and applications.
In particular, Sonoa hosts cloud computing environments, which generally allow users to run their scalable systems faster and cheaper. The 60-employee company counts Pfizer and the Warner Music Group among its customers.
The round was led by Third Point Ventures, a branch of hedge fund Third Point LLC, and included previous investors Bay Partners, Norwest Venture Partners and SAP Ventures.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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