September 9th, 2013
Portland’s CPUsage takes the stage at TechCrunch Disrupt to reveal new product direction (and they have nearly $1 million in funding)
It’s always nice to see Portland companies taking the big stage. And today, CPUsage will be unveiling their new direction—and announcing nearly $1 million in funding—at one of the biggest startup events around, TechCrunch Disrupt.
After a number of twists and turns, CPUsage has hit upon a concept that is delighting potential customers.
Computing at scale takes more than deploying a bunch of Virtual Machines. You must install networking tools, write or deploy grid middleware, configure job orchestration, create job submission API’s, integrate with storage solutions, and many other time-consuming tasks.
You’ll spend days, weeks, sometimes months before you can begin the core computing functions that your business tasks rely upon. But remember, while other solutions typically take days or months and many personnel hours, CPUsage takes minutes to get users started with any application, on any cloud, at any scale.
And it’s now available in public beta for Amazon Web Services users.
What’s more, that story is one that has resonated with investors, as well.
CPUsage also announced today for the first time that they have closed $925,000 in venture capital from leading Silicon Valley investors. The funding round was led by Morado Venture Partners, with participation from Crosslink Capital, Demian Sellfors, Qbera Ventures, and Triplepoint Ventures.
For those trivia buffs, yes, Portland’s Glider launched on stage at TechCrunch Disrupt, as well. Why is that interesting to trivia types? Because both companies can trace their beginnings to Portland Startup Weekend.
During their presentations, judges included Rich Barton of Zillow and Glass Door; Tracy Chou of Pinterest; Ellen Levy of Silicon Valley Connect, formerly of LinkedIn; and Hunter Walk of Homebrew VC, previously with Google.
For more information, visit CPUsage. And I’ll update this post with the presentation, once it’s available.