Nodeable Closes $2 Million Series A Funding Led by True Ventures

SAN FRANCISCO, July 26, 2011 /PRNewswire/ -- Nodeable, providers of a cloud-based social platform for systems data, today announced the closing of its $2 million Series A funding led by True Ventures and said that it is extending private beta invitations to its cloud-based infrastructure analytics service.

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"The Nodeable platform uses big data analytics to unlock intelligence about your cloud-based infrastructure, and makes that information easy to understand and apply through a new user interface that looks and feels just like your favorite social networking site," said Dave Rosenberg, co-founder and CEO of Nodeable. "We are offering the first post-cloud service for managing all the disparate information that pre-cloud tools can't handle to give users the data they need to make real-time decisions."

As cloud computing and loosely-coupled data sources become core parts of IT infrastructure, developers, IT staff and systems administrators need to interact with systems in an ad-hoc, programmatic manner that was not anticipated by the creators of legacy systems management tools. Systems data today suffers from a lack of modernization—the methods in which services are managed haven't kept pace with the technical innovation and social communication mechanisms popularized by Salesforce.com, Facebook, Twitter and others.

Nodeable applies social mechanics to systems data, allowing users to interact with cloud infrastructure and disparate data sources just as they do with users on social networks. Powered by big data analytics, the Nodeable platform unlocks intelligence from data sources to help IT staff make better decisions faster. Nodeable's open API is designed to complement and work with other systems management tools and a wide range of different data sources.

Market research firm International Data Corporation* estimates that spending on public IT cloud services alone is expected to grow at a compound annual growth rate of 27.6 percent, from $21.5 billion in 2010 to $72.9 billion in 2015.

"Nodeable is leveraging three major technology trends to help users manage the enormous cloud services market – big data analytics, systems management and social communications," said Stephen O'Grady of Redmonk, a technology consultancy firm. "It's almost like Twitter for machines. They are layering a social fabric over an analytics platform that may help many companies with the challenges of data management complexity as they ramp up their investments in private and public cloud services."

"Nodeable's new approach to managing systems through social mechanics and analytics introduces a breakthrough way to interact with cloud infrastructure," said Puneet Agarwal, partner at True Ventures. "We believe that the Nodeable team has the vision, passion and technical expertise to be successful pioneers in this rapidly growing space."

Private Beta

To apply for a private beta invitation to Nodeable, please register online at http://www.nodeable.com

About Nodeable

Nodeable provides a social platform for systems data, making it as easy to interact with cloud services and data sources as you do friends on social networks. Founded in 2011, the company is backed by True Ventures and Crosslink Capital.

Media Contact
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SOURCE Nodeable