Cloud Engines, the company behind personal cloud solution Pogoplug, today announced that it has raised $15 million in financing from new investors Softbank Capital and Morgan Stanley Alternative Investment Partners, and existing investor Foundry Group.
The company says the capital will be used to continue to expand the global distribution of the Pogoplug service and devices.
Said Ron Fisher, General Partner at Softbank Capital:
“Pogoplug is positioned to become the de facto way that consumers and businesses connect to their home and office storage. Pogoplug’s capabilities are perfectly suited for integration with offerings from Internet service providers as part of a monthly fee.”
Terms of the transaction were not disclosed.