Moscow’s Skolkovo Innovation Park Welcomes Palo Alto, CA Start-up Jelastic



Russia’s ‘Silicon Valley’ dumps a million bucks into US cloud biz

Moscow suburb welcomes American Java house

By Anna Leach

Posted in Cloud Business, 5th July 2012 19:06 GMT

Russian government-backed technology fund the Skolkovo Foundation has pumped $1m into a private American cloud company – Jelastic – which means the Palo Alto start-up will open a secondary office in Russia’s Silicon Valley – Skolkovo Innovation Park in the Moscow suburb of Skolkovo.

Jelastic is an easy-to-use cloud platform for Java applications – it runs any Java app and requires no code-changing or API fiddling to make the applications compatible.

The company scooped the $1m investment yesterday, the Skolkovo Foundation site announced, and it will use the money to make a super-secure version of its Java-hosting products that will be safe for governments to use.

Full article in The Register

 

 





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