Union Square Ventures Backs Platform-as-a-Service Technology Provider
NEW YORK, July 21 /PRNewswire/ -- 10gen (http://www.10gen.com/),
creator of a new Platform-as-a-Service (PaaS) technology that helps
developers more quickly and easily build dynamic, scalable Web sites and
applications, today announced $1.5 million in Series A financing from Union
Square Ventures. The cloud computing company, founded earlier this year by
DoubleClick veterans Kevin Ryan, Dwight Merriman and Eliot Horowitz, and
former Joost engineering VP, Geir Magnusson Jr., aims to provide
significant time and cost saving advantages by allowing developers to focus
on solving business problems and delivering functionality rather than
expending effort on infrastructure, scaling and system management.
"At 10gen we are building a cloud stack from the ground up -- including
a database and application server -- with the design goal of running sites
and services of all sizes," noted Dwight Merriman, Founder and CEO. "Rather
than porting existing tools into the cloud, Web development can only
prosper by building new technologies for this environment, technologies
which are available in an open way such that many companies and other
entities can collaborate on their development."
10gen's team is creating a virtual Web application server and database
from distributed computing resources with the goal of providing horizontal
scalability and geographical redundancy that is secure, transparent and
easy to manage through a high-performance grid-aware object database,
automatic on-demand application scaling and site management, deployment and
performance evaluation tools. The application server supports JavaScript as
its first development language, with Ruby support in early testing and
other languages on the product roadmap.
"The 10gen team brings together a great vision for cloud computing with
amazing experience in building Internet scale systems," said Union Square
Ventures partner Albert Wenger, who will be joining 10gen's board of
directors. "We are excited to support them in their effort to provide the
development community with an open source platform-as-a-service."
10gen is part of the AlleyCorp (http://www.alleycorp.com/) network of
affiliated Internet companies. The 10gen platform is currently hosting
Silicon Alley Insider (http://www.alleyinsider.com), the business
publication of its sister company Silicon Alley Media.
About 10gen
10gen is creating a new platform to let developers quickly and easily
build complex and scalable Web applications. The 10gen cloud computing
architecture will enable developers to write Web applications and
automatically scale as demand increases without re-architecting code. The
10gen stack includes a powerful database and application server. For more
information, please visit http://www.10gen.com/ or email info@10gen.com.
For career information please email resumes to jobs@10gen.com.
About Union Square Ventures
Union Square Ventures is an early stage venture capital firm based in
New York City. USV invests in companies that disrupt markets by
capitalizing on ubiquitous connectivity and commodity IT infrastructure.
USV's current portfolio includes Etsy, Twitter and Indeed, and past
investments include Tacoda (acquired by AOL), FeedBurner (acquired by
Google) and del.icio.us (acquired by Yahoo!). For more information, please
visit http://www.unionsquareventures.com.
Contact:
Michael Berkowitz
Director of Corporate Communications
AlleyCorp LLC
(646) 747-1544
mberkowitz@alleycorp.com
SOURCE 10gen
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Related links:
http://www.10gen.com
http://www.alleycorp.com http://www.alleyinsider.com
http://www.unionsquareventures.com
CONTACT:
Michael Berkowitz, Director of Corporate
Communications, AlleyCorp LLC, +1-646-747-1544,
mberkowitz@alleycorp.com
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