Global private equity and venture capital news and research

Comcast, NBC venture arm leads $25m round for Nebula

5 Sep 2012

Comcast Ventures, the venture capital arm of Comcast and NBC Universal, has led a $25m Series B financing round for cloud systems company Nebula, with participation from Highland Capital, Kleiner Perkins Caufield & Byers (KPCB) and Innovation Endeavors.

The round also saw participation from Andy Bechtolsheim, David Cheriton and Ram Shriram, Harris Barton, William Hearst III, Scott McNealy and Maynard Webb.

Silicon Valley Bank is providing additional debt and credit facilities to the company.

Nebula manages cloud infrastructures in biotech, financial services and media companies in a private beta program that began in March.

This investment will allow Nebula to expand the number of companies that will be able to participate in the beta, continue to expand its product and engineering teams, build a petascale test system, and accelerate development and testing of its product, it said.

The company, which was co-founded by former NASA CTO and OpenStack co-founder Chris Kemp, pictured, has assembled a team of more than 50 engineers.

In addition to former Dell executive Dave Withers and Netscape co-founder Jon Mittelhauser, Nebula now employs four OpenStack project technical leads and the engineers responsible for a large percentage of the code in OpenStack.

“After spending several years looking at this market, we are confident that Nebula is the company that will bring private cloud infrastructure to the enterprise,” said Comcast Ventures managing director Louis Toth.

Comcast Ventures and KPCB also joined forces in July for a $47.5m Series D round for electronic signature service DocuSign, which also received investment from Accel Partners and SAP Ventures.

Copyright © 2012 AltAssets


Legals & Terms of UsePrivacy Policy

AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: WeWork 4001, 1 Fore Street, London, EC2Y 5EJ
Content is © AltAssets 2000-2016