Morphlabs Raises $5.5 Million

Morphlabs Inc., an El Segundo, Calif.-based cloud platform startup, has raised $5.5 million in Series B funding. Global Gateway Investment Group led the round, and was joined by Frontera Group and return backers CSK Venture Capital and AO Capital Partners.

PRESS RELEASE

Morphlabs Inc. (http://www.mor.ph), the cloud platform company powering enterprises and service providers, today announced it has secured a $5.5 million Series B round of financing. The round is led by Global Gateway Investment Group (G2iG) with new investor, Frontera Group LLC, joining existing investors CSK Venture Capital Co. Ltd. and AO Capital Partners Ltd. This round of institutional funding further reflects Morphlabs’ early market success in powering private and public clouds around the world; it will be used to accelerate expansion in the United States and Asia.

With the recent launch of its private cloud appliance, mCloud™ Controller, Morphlabs has seen considerable market traction with the only ready-for-production cloud solution for service providers and enterprises in both the United States and Japan. To meet increasing market demand, Morphlabs has appointed Satoshi Konno as President of Japan Operations. In this role, Konno will help drive the adoption of Morph-powered public and private clouds and accelerate the build-out of elastic computing services in Japan.

“Morphlabs is the first company to deliver a platform that makes cloud computing a commodity service that can be tapped into on-demand like a utility,” said Martin Lichauco, managing partner, Global Gateway Investment Group. “Morphlabs has proven the ability to execute by empowering Japan’s leading service providers to deliver public cloud services. After a successful U.S. launch in April, the mCloud product is already seeing an equally explosive entry into the U.S. market.”

“Today’s financing and support from our investors is a key milestone for Morphlabs, and furthers our commitment to delivering the innovative platform for powering enterprise and service provider clouds,” said Winston Damarillo, CEO, Morphlabs. “Coupled with the expertise of Satoshi Konno, we are now in the best position to help our global customers to automate provisioning resources for hosted applications.”

Said Konno: “For the cloud computing market to take off, there needs to be a viable marketplace of companies offering competitive services from which customers can select. I welcome the opportunity to work with Morphlabs as I strongly believe it is the company that will empower the thousands of service providers to deliver these services.”

About Morphlabs

Morphlabs (www.mor.ph) solutions enable enterprises and service providers to easily deploy automated and elastic computing infrastructures to support flexible and high performance applications and processes. Built on industry leading cloud standards enabling hybrid implementations of both public and private virtual resources, Morphlabs’ flagship product, mCloud™ series, is a comprehensive cloud computing platform providing the broadest range of reliable deployment options for cloud computing.

Morphlabs is headquartered in El Segundo, Calif., with operations in the Philippines and Japan. For more information, visit www.mor.ph or call 310-437-8001.

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