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Summary:

RightScale, a Santa Barbara, Calif.-based cloud management software maker, has raised $25 million in new funds from Tenaya Capital, joined by DAG Ventures and current investors: Benchmark Capital, Index Ventures and Presidio Ventures. RightScale has raised a total of $42.5 million in three rounds

RightScale CEO Michael Crandell

RightScale, a Santa Barbara, Calif.-based cloud management software maker, has raised $25 million in new funds from Tenaya Capital, joined by DAG Ventures and other current investors: Benchmark Capital, Index Ventures and Presidio Ventures. This is RightScale’s third round of funding, bringing the total funds raised to $42.5 million.

The company was founded in 2006, and since then, has been trying to establish a toehold in the cloud management software business. The company has seen a spike in demand for its products and recently claimed that it had seen a 1000 percent increase in cloud spending, which in turn, was benefiting the company. The new funds will be used to expand their operations to Europe and Asia.

Related GigaOM Pro Research (sub req’d):

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Video: Michael Crandell, CEO of Rightscale

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