The University of California, Santa Barbara cloud spin out raises the funds backed by BV Capital, the former corporate venturing unit of Germany-based media company Bertelsmann.
BV Capital, formerly Bertelsmann Ventures, has backed a $30m round raised by Eucalyptus Systems, a cloud platform.
BV Capital was joined in the C round on April 18 by venture firms Institutional Venture Partners, which led the round, Benchmark Capital and New Enterprise Associates.
Eucalyptus has now raised $55m. Steve Harrick, general partner at Institutional Venture Partners, has joined Eucalyptus’ board.
Eucalyptus was originally started as a project in the Computer Science Department at the University of California, Santa…