Startup CloudShare, formerly known as IT Structures, has raised $10 million in series B financing from Sequoia Capital, Gemini Capital, and Charles River Ventures. This brings CloudShare’s total funding up to $16 million.
That amount of funding isn’t shabby for a company that has been in stealth for nearly two years. Cloudshare, which launched to the public, last week, has produced a service for demoing software in the cloud. Organizations can instantly deploy multiple, independent copies of their existing demos or training environments from CloudShare’s platform.
The platform is also integrated with Salesforce.com’s CRM so sales teams can pull in information from an account on CloudShare back to Salesforce. Many large-scale companies have internal demo centers in the cloud to allow prospective sales clients to demo software, but most small to mid-size companies don’t have this functionality, which can be used to show how a product works.
CloudShare charges per user, and will adjust the cost of the demo or the proof of concept is complicated. The startup already has signed on VMware, Cisco, SAP and other big-name clients and has already delivered over one million demos, proofs of concepts and software training hours to date. The company plans to use this round of funding to accelerate product development.
