Megh Computing stores $1.5m round

Jul 20, 2018 •

Cloud computing technology developer Megh Computing has a base at Portland State's accelerator and has secured capital from three local investors.

Megh Computing, a US-based cloud computing technology developer based at Portland State University’s Business Accelerator, has obtained $1.5m in a round led by regional VC vehicle Portland Seed Fund.

Rogue Venture Partners and Oregon Venture Fund also took part together with unnamed angel investors. However, a regulatory filing dated July 17 suggests the round has raised $965,000 of a targeted $1.5m in the form of debt, options and securities.

Founded in 2017, Megh Computing develops technology to speed up real-time…

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