US-based software company Joyent closed a series D round worth $85m on Monday, led by Weather Investment II, a group which owns a 20% stake in Russia-based telecom conglomerate Vimplecom.

Telefónica Digital, the division which houses the corporate venturing unit of telecommunications corporation Telefónica, also contributed to the round, making its second investment since the division was formed in September 2011.

Telefónica has stated that its investment in Joyent was predominantly strategic. Cloud-based services are a key investment target for the Digital unit, which was formed to grow Telefónica’s influence in the digital services markets.

Semiconductor maker Intel’s corporate venturing unit, Intel Capital, also participated in the round, as did cable operator Liberty Global and venture capital firms El Dorado Capital, Greycroft Partners and Epic Ventures. Intel has been a backer since Joyent’s 2009 series A round.

The round follows $5m in debt funding raised by Joyent in September.…

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