Metacloud has raised $25m in just over a year, prior to Cisco announcing its intent to buy the cloud services company.
Networking technology company Cisco is set to acquire US-based cloud computing software developer Metacloud in a deal that will enable semiconductor foundry UMC to exit the company.
Metacloud provides private cloud for businesses, based on the OpenStack open source cloud software platform. Cisco did not reveal the financial terms of the acquisition.
The acquisition comes four months after Metacloud closed a $15m series B round funded by UMC Capital, which acts as UMC’s corporate venturing unit, as well as…
