Java Application Deployment Platform Jelastic Raises $2 Million from Russian Venture Funds

Jelastic, a U.S./Ukrainian/Russian provider of a cloud-based deployment platform for Java apps, has closed a $2 million Series A funding round from Russia and CIS-focused Almaz Capital Partners and Foresight Ventures, a global fund with a bias towards Russia and the US. Jelastic, which competes with Heroku and Google App Engine, offers developers of Java applications a hosted platform based around standard software stacks, which it says helps avoid lock-ins and code changes. The company launched its public beta in October 2011, and since then has picked up over 15,000 unique users.

big east tournament ashley olsen new apple tv sun flare love hewitt new ipad solar flare