PowerCloud Systems Spins Out Of PARC, Gets More Backers

Tuesday, 30 November 2010 13:22

PowerCloud Systems Spins Out Of PARC, Gets More Backers

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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 business networking devices easier to deploy, secure, and manage. The company builds on intellectual property developed at PARC, including two exclusive and eight shared patents in areas ranging from cloud-virtualized network controllers to “usable security.”