Startup CloudShare Gets $10 Million in Funding
Posted by bestRev on 12/12/09 in Finance
A startup company called CloudShare has just received $10 million from its second round of institutional funding. This means that the company is set to move forward with developing and launching its product.
What exactly does CloudShare do? Well, this forward-thinking company has a business product which uses a cloud-based infrastructure to deploy various training software. Essentially, CloudShare allows businesses that already do training to take that training to the cloud so that customers can use it more efficiently.
One example of a company that could use this type of product is Cisco. Cisco training is some of the most popular business training that people get on the job. This new product would allow Cisco certification training to be moved into the cloud. Different types of training could be offered to different customers with ease.
Why would businesses want to move their training away from demo centers (where that training occurs now) and into the cloud? Cost, of course. Demo centers are expensive to build and operate and they aren’t always up-to-date. Taking things into the cloud allows businesses to offer the most up-to-date training at the lowest cost. This is the way of the future and CloudShare hopes to be a part of it.
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