Categories: Client News

Morphlabs Raises $5 Million in Series C Financing

<p><em>Leader in Converged Dynamic Infrastructure Solutions for the Enterprise Raises Funds to Accelerate Global Growth and Deployments<&sol;em><&sol;p>&NewLine;<p>Manhattan Beach&comma; Calif&period; – September 6&comma; 2011 – <a href&equals;"https&colon;&sol;&sol;old&period;teamasia&period;com&sol;about&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">Morphlabs<&sol;a>&comma; the leader in converged Dynamic Infrastructure solutions for the Enterprise&comma; announced today that it has raised &dollar;5 million in Series C funding&period; The round was led by strategic partners BBT of Japan and a private&comma; Indoneseia-based investor group&period; Morphlabs will use the additional capital to fuel immediate deployments in the ASEAN region as well as select deployments in North America&comma; like the recently announced Alchemy Communications operating partnership&period;<&sol;p>&NewLine;<p>The ASEAN region requires an end-to-end solution for cloud infrastructure delivery that can be deployed efficiently and adapts to rapid growth requirements&period; After carefully evaluating the players in the cloud computing space&comma; Morphlabs is making an impact by enabling enterprise customers&comma; for the first time&comma; to consume dynamic cloud infrastructure via a blueprint that is fully-optimized and designed to be both fault-tolerant and scalable&period; The mCloud DCU solution allows enterprises to control their cloud infrastructure with no capital expenditure&comma; making cloud available to rapidly developing IT markets&period; Morphlabs is clearly positioned to become a leader in the cloud computing industry&period;<&sol;p>&NewLine;<p>Since receiving a Series B round of financing in July 2010&comma; Morphlabs has grown from 25 to 50 employees and has expanded its reach throughout the United States and Asia&period; In May 2011&comma; Morphlabs announced a partnership with Arista Networks&comma; BroadBand Tower Inc&period;&comma; CoreSite Realty Corporation &lpar;NYSE&colon; COR&rpar; and Nexenta Systems&comma; among others&comma; to deliver its <a href&equals;"https&colon;&sol;&sol;old&period;teamasia&period;com&sol;solutions&sol;about-mcloud&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">mCloud Data Center Unit &lpar;DCU&rpar;<&sol;a>&period;<&sol;p>&NewLine;<p>The mCloud DCU is designed to remove the complexities of implementing the most price performant cloud solution on the market&comma; taking an infrastructure blueprint bound together by mCloud technology with best-of-breed cloud building blocks to deliver mission critical capabilities via on-premises or hosted private cloud&period; Morphlabs leverages commodity hardware and open source innovations to define the most simple&comma; efficient&comma; and elegant blueprint available today for the delivery of converged dynamic infrastructure services&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Over the past year&comma; Morphlabs has forged strategic partnerships to innovate&comma; build and push the boundaries of the cloud in order to democratize access to enterprise-class efficient computing for IT organizations&comma;” said Winston Damarillo&comma; CEO&comma; Morphlabs&period; &OpenCurlyDoubleQuote;We’re thrilled to use this round of funding to grow our team and to deliver highly-available cloud environments for enterprises that might not otherwise be able to benefit from the cloud because of the challenges associated with existing public and private cloud deployment options&period;”<&sol;p>&NewLine;<p>Morphlabs anticipates additional funding announcements before the end of the year to further fuel its ASEAN and European expansion&period;<&sol;p>&NewLine;<p>For more information on Morphlabs&comma; please visit <a href&equals;"http&colon;&sol;&sol;www&period;morphlabs&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">www&period;morphlabs&period;com<&sol;a>&period;<&sol;p>&NewLine;<p><strong>About Morphlabs<&sol;strong><br &sol;>&NewLine;Morphlabs&comma; Inc&period; delivers efficient computing based on optimized cloud architecture&period; Our mCloud solutions enable us to provide the most cost effective platform for delivering cloud infrastructure and maximizing productivity for network administrators and software developers – empowering everyone to join the cloud revolution&period; As passionate members of the evolving cloud ecosystem&comma; we combine open-source software&comma; commodity hardware and our years of experience in disruptive technology innovation to ensure that businesses of all sizes can innovate and compete&period; Founded in 2007 by industry pioneers&comma; Morphlabs&comma; Inc&period; is headquartered in Los Angeles&comma; with operations in the Philippines&comma; Japan and Australia&period; For more information&comma; visit <a href&equals;"http&colon;&sol;&sol;www&period;morphlabs&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">www&period;morphlabs&period;com<&sol;a>&period;<&sol;p>&NewLine;<p>Read the original article <a href&equals;"http&colon;&sol;&sol;www&period;morphlabs&period;com&sol;news&sol;morphlabs-raises-5-million-in-series-c-financing&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener noreferrer">here<&sol;a>&period;<&sol;p>&NewLine;

J Darell Sapin

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