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Engine Yard raises $19 million in VC funding

Engine Yard, a Ruby on Rails developer, raised $19 million in a third round of venture capital.The company, which has raised $37 million to date, received funding from DAG Ventures, Bay Partners and Presidio Ventures.
Written by Larry Dignan, Contributor

Engine Yard, a Ruby on Rails developer, raised $19 million in a third round of venture capital.

The company, which has raised $37 million to date, received funding from DAG Ventures, Bay Partners and Presidio Ventures. Benchmark Capital, Amazon and New Enterprise Associates---all previous investors---also participated in the latest round.

Engine Yard is worth watching. Ruby on Rails is a rapid development framework that underpins many next generation companies such as Twitter. However, Engine Yard is aiming to take Ruby on Rails deeper into the enterprise. It launched a cloud computing platform and is partners with the likes of Amazon Web Services.

According to a statement, Engine Yard will use the funding to build out its cloud platform to "meet enterprise requirements" and build out its development teams.

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