PowerCloud Systems, a spin-out of Palo Alto Research Center (PARC) that offers a ‘networking-as-a-service’ platform for OEMs and service providers, has raised $6 million in Series B funding in a round led by Qualcomm Ventures, with prior backers Walden Venture Capital, Javelin Venture Partners and PARC participating.
The capital will be used to enhance the company’s online software platform, … → Read More
Xerox’ Palo Alto Research Center (PARC) is spinning out PowerCloud Systems, the cloud-managed networking solutions provider that it has incubated through the Startup@PARC program since early 2008. PowerCloud has also gained more backing, with Walden Venture Capital and Javelin Venture Partners joining the line-up.
PowerCloud offers cloud-based technology for OEM vendors that is designed to make… → Read More
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