$2 Mln For Ukrainian Java App Cloud Deployment Platform Jelastic

Java hosting platform Jelastic, based in the Ukraine, has raised a USD 2 mln fund from Almaz Capital and Foresight Ventures. The investment comes at a time when Java hosting is a tedious process involving a long list of compliance requirements. Jelastic’s team launched the beta version last October with the help of an initial seed funding from Runa Capital worth USD 500,000.

Jelastic (jelastic.com)

Jelastic was founded in 2010 in response to challenges faced by the founding team with regards to Java app deployment. Ruslan Synytskyy, Constantin Alexandrov and Alexey Skutin, the original founders of the company, were looking for ways to easily deploy Java applications in the Cloud, but found themselves spending excessive time on configuring virtual machines for the purpose. Jelastic is their answer to the problem: it allows developers to switch hosting partners easily, and their process claims to cut deployment time from hours to mere minutes. Google App Engine and Heroku both require specific ways of coding, and forces the developer to be locked to one hosting service. Jelastic is now in beta mode and is currently available in Russia, Europe and the U.S.