CloudVelocity Nabs $5M For Cloud Automation

Santa Clara-based CloudVelocity, a developer of cloud automation tools aimed at high availability failover and migration, said Wednesday that it has raised $5M in a Series A funding. The funding came from Mayfield Fund. The company, which is led by Rajeev Chawla, develops software which helps users clone, migrate, and failover cloud applications running on Amazon Web Services. More information »