Cloud computing, the offering of both electronic storage and computing power as a service, has been a hot topic the last couple of years. Our data shows that on average, VCs have poured in $620 million in 53 deals per quarter. Compared to Q1 2012, the most recent quarter’s VC deals and dollars to cloud computing companies are up 55% and 104%, respectively.
Cloud computing is divided between three categories: infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). Later on, we will look into the breakdown of VC funding into cloud computing by category.