Wednesday, August 21, 2013

Ajubeo Gets More Funding

Boulder-based virtual datacenter and infrastructure-as-a-service provider AJubeo said this morning that it has raised a new funding round, from Grey Mountain Partners. According to Ajubeo, the new funding will go towards supporting revenue growth at the company and to support strong demand. The company said it saw 600 percent quarterly revenue growth over the past 1 months for its services. The new funds will be targeted at expansion in the New York Metro area, plus new product development, staffing, and sales and marketing initiatives. Ajubeo is led by Chuck Price. More information »