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CloudSwitch Inc. has received $8 million in a Series B round of venture capital funding, replaced its CEO, and moved to Burlington, the cloud computing software company formerly based in Bedford announced.
Former SolidWorks Corp. CEO John McEleney will join the company along with the round of funding, which was led by new investors Commonwealth Capital Ventures, and increase the total amount invested in Cloudswitch to $15.4 million. Series A investors Matrix Partners and Atlas Venture returned to participate in the funding, company officials announced today.
Formerly a ComputerVision executive, McEleney served in the corner office at SolidWorks, a Massachusetts-based design software subsidiary of Dassault Systems S.A. (Nasdsaq: DASTY) from 2001 to 2007.
McEleney replaces founding CEO Ellen Rubin, formerly head of marketing at Netezza, who co-founded the company last year with Pirus Systems alum John Considine. Rubin will become vice president of product and will direct the company’s go-to-market strategy, she said in an interview today.
CloudSwitch, with a product currently in an alpha testing stage, is developing software designed for enterprises that already have data centers, Rubin said, allowing enterprises to make flexible use of cloud-based computing infrastructure.
“We help them be able to use those services in a very simple and cost-effective way,” Rubin said. He declined to elaborate further. A beta program is coming by the end of 2009, she said.
CloudSwitch’s first round of funding came just six months ago, in January. The company was incubated in Matrix’ Waltham offices during 2008.
David Skok represents Matrix on CloudSwitch’s board; Atlas is represented by Alex Bichara. General partner Elliot Katzman will take a board seat for Commonwealth.
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