Wednesday, May 13, 2009

Foundry Invests In Pogoplug

Boulder-based venture firm Foundry Group has made its second investment of the week, saying today that it has invested in Silicon Valley firm Cloud Engines, maker of the Pogoplug, a device which allows users to easily share their storage on the Internet. Ryan McIntyre, Managing Director of Foundry Group, joins Cloud Engines' board as part of the funding. Amount of the funding was not disclosed by the firm, however, regulatory filings set the amount at $3.25M. More information »