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Data center startup OneCloud Labs gets CEO from Exagrid, first round of venture capital

Posted by Scott Kirsner  November 12, 2013 08:00 AM

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The latest cloud computing startup to collect some serious coin from local venture capital firms is OneCloud Labs. And OneCloud has brought on Marc Crespi, formerly a vice president of product management at Exagrid Systems, as its CEO.

OneCloud doesn't have much of a website yet, and Crespi didn't want to say much when we spoke last week. But the founder of the company, Suresh Madhu, has been working on OneCloud since the summer of 2012, when he left the Cambridge office of VMware. Tom Barone, formerly at Vlingo, is working part-time as OneCloud's CFO, and Crespi, right, says the company is currently hiring its first few engineers.

"The tagline for the company is 'enabling the elastic datacenter,'" Crespi says. "What that really means is giving enterprises a platform where they can begin to leverage [cloud-based services from companies like] Amazon and Google in meaningful ways that reduce the complexity of IT operations like disaster recovery. We'll go beyond that over time, but for now you can say that we're simplifying and reducing data center costs by leveraging the big public cloud guys."

The company has already raised an initial funding round from Charles River Ventures and Bessemer Venture Partners; I was unable to confirm the exact amount, but one source pegged it in the single digit millions. The company is operating out of CRV's Kendall Square offices as it hunts for its own space in Boston or Cambridge. Bruce Sachs of CRV and Felda Hardymon of Bessemer did the deal.

Here's a video from June 2012 of Madhu talking about some of the ideas behind OneCloud.

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Scott Kirsner was part of the team that launched Boston.com in 1995, and has been writing a column for the Globe since 2000. His work has also appeared in Wired, Fast Company, The New York Times, BusinessWeek, Newsweek, and Variety. Scott is also the author of the books "Fans, Friends & Followers" and "Inventing the Movies," was the editor of "The Convergence Guide: Life Sciences in New England," and was a contributor to "The Good City: Writers Explore 21st Century Boston." Scott also helps organize several local events on entrepreneurship, including the Nantucket Conference and Future Forward. Here's some background on how Scott decides what to cover, and how to pitch him a story idea.

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