Cloud Infrastructure Pioneers Invest $19.5 Million in Cloud Computing 2.0 Startup

ProfitBricks Secures Investment to Expand Next-Generation Cloud Offering

CAMBRIDGE, Mass., March 20, 2013-- ProfitBricks, the infrastructure-as-a-service (IaaS) company that completely reengineered the delivery of cloud computing, today announced it received a $19.5 million investment from its founders and United Internet AG (UTDI.DE), a leading European internet services provider.

The investment comes as ProfitBricks accelerates the pace of change in cloud computing. In 2012 the company established its U.S. headquarters in Cambridge, Mass. and launched its cloud 2.0 offering, including live vertical scaling and the industry's first Data Center Design tool. ProfitBricks used InfiniBand based network technology to bring high performance computing capabilities to the cloud and offer a better price-performance ratio than the major cloud computing providers. ProfitBricks also introduced the first true minute-based billing to the cloud.

"ProfitBricks is accelerating the definition of true cloud and offering some of the most advanced infrastructure today," said Ralph Dommermuth, founder and CEO of United Internet AG. "The founders have a vision to bring more speed and flexibility to the cloud. This investment will fuel that growth and provide a simple alternative that will attract more high-volume computing to the cloud."

Through this most recent investment, ProfitBricks will further drive its development of the world's first true virtual datacenter and power adoption of its cloud infrastructure into new vertical markets. Founded in 2010, ProfitBricks had previously received $18.8 million from its founders and United Internet AG.

"ProfitBricks delivers on the promise of cloud computing that until its launch wasn't realized," said Achim Weiss, co-founder and CEO of ProfitBricks. "We spent two years building a cloud offering that is unmatched in the market. This latest investment represents an investment not only in ProfitBricks but in the future of cloud."

"In the six months since we launched our cloud offering ProfitBricks has experienced tremendous growth," said Bob Rizika, CEO of ProfitBricks USA. "We're ready to aggressively push for greater market adoption and this investment represents the confidence in our continued success."

About ProfitBricks

ProfitBricks -- Cloud Computing 2.0 -- is the cloud infrastructure-as-a-service (IaaS) company offering more speed and flexibility than any other cloud provider. Founded in 2010 by the previous co-founders of 1&1 Internet, ProfitBricks has built the world's first, true virtual datacenter, enabling users custom defined instances with live vertical scaling and class-leading double redundant cloud storage -- all with simple and transparent minute-based billing. It also developed the first graphical Data Center Designer that makes the ProfitBricks Cloud Computing service the easiest to setup and maintain. CRN Magazine recently picked ProfitBricks as the "Coolest Startup" of 2012. Headquartered in Berlin, Germany and Boston, Mass., ProfitBricks can be found online at http://www.ProfitBricks.com.

Contact:
Editorial Contacts
William Toll
ProfitBricks USA
William.Toll@profitbricks.com
201.220.5501

Chuck Tanowitz or Ruth Bazinet
Fresh Ground, Inc.
ProfitBricks@itsfreshground.com
617.874.4500

News Index

Downloadable Venture Capital Database