Amazon invests in Engine Yard's cloud computing

The $15 million second round of financing will help the 2-year-old Engine Yard develop a cloud computing platform for the programming framework Ruby on Rails.

Software company Engine Yard said Monday that it has closed on a $15 million Series B round of financing from New Enterprise Associates and Its previous investor Benchmark Capital also participated in the round.

Engine Yard, a 2-year-old company based in San Francisco, handles deployment and operations for developers that work in the Web development environment of Ruby on Rails, an open-source software framework. It helps developers serve applications through so-called cloud computing, or via third-party data centers. Despite Amazon's investment, Engine Yard does not use the online retailer's Web services offering at this time. It plans to in the future, however.

Engine Yard, which had raised about $3.5 million in January, said it will use the money for research and development of its upcoming cloud computing platform, among other projects. As part of the funding announcement, Peter Sonsini, a partner at NEA, will join Engine Yard's board of directors.

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

Jaguar F-type S Coupe is beautiful and impractical

With stunning lines and sharp handling, the F-type S Coupe is an excellent sports car, and as impractical as a true sports car should be.

by Wayne Cunningham