Sequoia And Others Put $10 Million In Cloud-Based Demo SaaS CloudShare

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CloudShare, a service that allows companies to demo software in the cloud, has raised $10 million in new funding led by Globespan Capital Partners with existing investors Sequoia capital, Charles River Ventures and Gemini Israel Funds participating. This brings CloudShare’s total funding to $26 million.

CloudShare is essentially a collaborative tool for IT environments, allowing users to share, interact and collaborate in enterprise IT environments, for any length of time. Organizations can instantly deploy multiple, independent copies of their existing demos or training environments from CloudShare’s platform.

CloudShare Pro’s environments are pre-configured to include servers, networking, storage and pre-installed operating systems and application licenses, including those for software vendors like SAP, Oracle, and Microsoft. And the company offers a lightweight version for small businesses.

The company now has more than 50,000 users worldwide using its SaaS offerings. The startup plans to use the funding for sales expansion and product development.