Standing Cloud Raises $3 Million Second Round of Funding

Boulder,Colo.-based start-up Standing Cloud has raised $3 million in a second financing round. Avalon Ventures led the Series B round, which included participation from Foundry Group, the Boulder-based venture fund that led the company’s initial $2 million financing. Standing Cloud is developing an application network, along the same lines as Apple’s “app store” model, to provide users with applications, plug-ins and cloud infrastructure providers. Avalon has offices in San Diego and Boston.

North AmericaUSBriefs