Today in Cloud

Infrastructure as a Service (IaaS) provider, Joyent, has secured a funding round of $85 million to fuel its global expansion plans, bringing its total funding to date to approximately $115 million. Joyent competes with Amazon Web Services (AWS) in the booming public cloud services market and will need this heap of money if it hopes to keep going it alone against AWS. Building a global, scaleable cloud services business takes the smartest engineers in the business and lots and lots of data center space, neither of which comes cheap. European group Weather Investment II provided the majority of the round with Telef√≥nica Digital, the growth arm of Spanish telecom giant Telef√≥nica, also participating as a strategic investor. Joyent’s IaaS stack, called Smart Data Center, is based on the SmartOS version of Solaris. Joyent sells it to organizations that want to run their own internal IaaS offering and also as a public cloud called It’s the only cloud provider that offers its software in both models, to build private clouds while also selling a service based on the software.