ElasticBox raises Series A from Nexus, Intel Capital

Mountain View, California headquartered ElasticBox, a startup that offers solutions to develop, deploy, and manage applications on the cloud, has raised $9 million in a Series A funding round from existing investors Nexus Venture Partners and Intel Capital.

Last June, the company disclosed that it had raised $3.4 million in a seed round led by Sierra Ventures. Andreessen Horowitz, Intel Capital and Nexus had also participated in the seed round, according to a press statement from the company at the time.

“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,” ElasticBox founder and CEO Ravi Srivatsav said in a statement yesterday. “ElasticBox empowers the developer with pre-configured 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,” he added.

Founded in 2011 by Srivatsav and Alberto Arias, ElasticBox has introduced a modular way to develop applications in the cloud through a new approach, using boxes. These are encapsulated, fully configured components of application architecture that can be combined to create and run applications on the cloud.

Enterprises can use the platform to create boxes or choose from a library or a catalogue of publicly available boxes (like NGINX, Python, MongoDB, Hadoop and Ruby), stack and reuse boxes to quickly and easily create multi-tier applications, share boxes for collaboration and quick deployment, and move applications anywhere (develop applications in one cloud, test in another and deploy in a third).

“ElasticBox is 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,” Nexus managing director Jishnu Bhattacharjee said.

Most enterprises, across industries, 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 in turn helps them innovate more quickly. “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,” Intel Capital president Arvind Sodhani said on the investment.

Mumbai and Silicon Valley based Nexus Venture Partners, which is currently investing from a $270 million fund raised in 2012, recently participated in a $8.5 million Series A round in Big Data and analytics startup Indix.