Cloud computing provider and our Under the Radar alum, Joyent just secured $85 million in their Series D round!  According to a TechCrunch article, Joyent plans to roll out a collection of “seamlessly connected high performance clouds” serving global corporations on every continent.

With more and more money being poured into cloud software and services, investors are betting that corporations will abandon their back room servers and trust more of their data in the cloud.

All Chips In?

However, not every company is transitioning their data over as fast as Joyent’s customers.  According to Michael Driscoll, CEO of predictive data analysis start-up MetaMarkets, “There is still a cultural obstacle with cloud.  Although companies trust their private data with large banks or physical boxes in their back room, some are still hesitant to move it into the cloud.”

What makes enterprises finally place a bet on the cloud?  How will they resolve data privacy concerns? What other emerging cloud startups will provide such valuable benefits that keeping data in the “back room boxes” is no longer an option?