Blog Post

Cloud services startup Tier 3 nets $10M in new funding

Cloud startup Tier 3 has raised $10 million in new venture funding, according to new SEC filings. 

New investor Intel Capital(s intc) led the round. Current investors Ignition Partners and Madrona Ventures ponied up $8.5 million in an initial funding round in March, 2011.

The Bellevue, Wash. based company is one of a growing number of players chasing the enterprise platform as a service (PaaS) market.

Developers — both within and outside companies — like to use these platforms to build and test out applications. But not all corporate IT executives are thrilled about actually deploying mission critical applications on PaaSes — especially those running on public cloud infrastructure.

That’s the kind of thinking companies like Tier 3, ActiveState, Appfog, Red Hat(s rhat) (with OpenShift) would love to blow up.