Google and Amazon Investor Kleiner Perkins Caufield & ByersConsidering a New Fund for Cloud Startups

By Vallabh Rao|11th Feb 2012
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Venture Capital firm Kleiner Perkins Caufield & Byers (KPCB) who have invested in Google, Amazon, Zynga and Groupon among others are considering a new fund focused on startups providing cloud services, reports Bloomberg. KPCB could invest $100 million in the market this year.Matt Murphy, partner at KPBC told Bloomberg “Companies’ comfort level and willingness to adopt the cloud is hitting an acceleration point. Now’s the most interesting time in the last 10 years to be investing in enterprise-based companies”. The global cloud computing market is expected to grow at an 30% CAGR reaching $270 billion in 2020 according to Market Research Media.

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