Cloud computing company CloudShare today closed a third round of capital investment for US$10 million, the company announced.
CloudShare, which provides a platform-as-a-service for sharing business applications such as SharePoint, has now raised $26 million in funding since the company’s founding in 2005. Leading this round was Globespan Capital Partners, which joined existing investors Sequoia Capital, Charles River Ventures and Gemini Israel Funds. Dave Fachetti, a managing director at Globespan, will take a seat on CloudShare’s board as a result of the investment.
CloudShare said in a statement that it will use the funds to expand its position “in the cloud-based test, development, demo and training of SharePoint applications.” The company said its customer base has grown to more than 50,000 users worldwide.