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Deal Alert: ElasticBox Secures $9M In Funding led by Nexus Venture Partners

ElasticBox, the company that enables developers and enterprises to create, deploy and manage applications quickly and easily, is announcing that it has closed a nine million dollar Series A funding round. The Series A investment comes from Nexus Venture Partners and Intel Capital, who also participated in the company's seed funding round with a16z seed and Sierra Ventures. 

“The cloud has fundamentally improved how people access and use infrastructure. But developing cloud based applications is still a lengthy, expensive and broken process that is stuck in the dark ages, like way back in the days of bare metal,” said CEO and co-founder of ElasticBox, Ravi Srivatsav. “ElasticBox empowers the developer with preconfigured Boxes that they can mix and match to create applications - similar to the way a DJ blends beats and samples to create new music. It brings Dr. Dre-like creativity to enterprise application development.”

ElasticBox has introduced a modular way to develop applications in the cloud through a new approach, using Boxes. Boxes are encapsulated, fully configured components of your application architecture that can be combined to create and run applications in the cloud. 

Here is a look at what you can do on the ElasticBox platform:
  • Create Boxes or choose from a library or a catalog of publicly available boxes (like NGINX, Python, MongoDB, Hadoop, Ruby, etc.)
  • Stack and reuse Boxes to quickly and easily create multi-tier applications. 
  • Tweak Boxes to customize for any particular need.
  • Share Boxes for collaboration and quick deployment. 
  • Move your applications anywhere. Companies can develop applications in one cloud, test in another and then deploy in another cloud -- liberating applications from being locked into a single cloud.
  • Update a Box and sync to any application that uses that Box. No need to update the applications individually. '
 “There have been two pivotal moments in enterprise infrastructure development: the creation and implementation of the virtual machine, and the rise of cloud services,” said Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners. “ElasticBox is now overhauling enterprise application development, deployment and management within this cloud in what we think is the biggest step in cloud innovation since VMware and Amazon Web Services. We are thrilled to have partnered with an exceptional team to help build this category-defining company.” 

“ElasticBox’s pioneering work removes the complexity and cost associated with developing, deploying and managing apps in the cloud and truly delivers the promise of cloud elasticity to enterprises,” said Arvind Sodhani, president of Intel Capital and executive vice president of Intel Corp. “We look forward to helping Ravi and team accelerate their growth with enterprises around the world.” 

The rise of business applications

It may not be commonly known, but most enterprises – of all industries, from Finance, to Pharma, to Coffee – develop hundreds or thousands of applications internally to support business processes and create competitive advantage. ElasticBox empowers these enterprises to build better applications faster, which then helps them innovate more quickly. Netflix is one such company. "ElasticBox has provided us with the technology that we had been looking for, but had never found a great solution," said VP of IT Operations at Netflix, Mike D. Kail. "With ElasticBox we are able to both create custom Boxes as well as leverage their preconfigured Boxes to deploy our internal applications, which allows us to focus on innovation instead of orchestration." 

About ElasticBox 

Founded in 2011, ElasticBox streamlines the development, deployment, and management of applications for any cloud. ElasticBox is pioneering a simplified, modular, service-based application development structure, where fully configured components of application architecture are encapsulated as “Boxes” and made available as a service. Boxes are reusable, and fully mobile across cloud environments. To create a multi-tier application architecture, simply “stack” these Boxes. The result? Application development, deployment, and management for the cloud are now seamless.

ElasticBox’s investors include: Nexus Venture Partners, Intel Capital, a16z seed and Sierra Ventures. 

About Nexus Venture Partners

Nexus Venture Partners (www.nexusvp.com) is India’s most successful venture capital fund, with offices in Silicon Valley and India. Nexus’ team consists of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. It has over $600M under management with an active portfolio of over 50 companies across Technology, Internet, Media, Consumer and Business Services sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market-leading businesses. Nexus investments include Cloud.com (acquired by Citrix), Gluster (acquired by Red Hat), Pubmatic, DimDim (acquired by Salesforce), Kaltura, Druva, Aryaka,Snapdeal.com and Netmagic (acquired by NTT). 

About Intel Capital

Intel Capital, Intel's global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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