CloudSwitch secures $7.4M for stealthy cloud software

CloudSwitch, a Waltham, Mass. company that creates cloud management software, just brought in $7.4 million in first-round funding to continue development on several stealthy projects. Little is known about what may distinguish its products from those offered by similar cloud firms RightScale, Hyperic and Amazon Web Services, only that they “will help enterprises dramatically reduce costs,” according to its web site.

The company, backed by Atlas Ventures and Matrix Partners, also says it’s hiring but doesn’t list any job openings on its site. A quick mention on GigaOm suggest CloudSwitch will place emphasis on cloud storage capabilities.

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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.

With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.