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Eucalyptus Systems

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Goleta, United StatesFounded 2009Other B2B Software
Valuation $100–250M Last recorded · 2012
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Eucalyptus Systems

Eucalyptus Systems emerged from academic research at the University of California, Santa Barbara, led by Professor Rich Wolski and a team of researchers. The project's roots trace back to the NSF-funded VGrADS project (2003-2008), which focused on grid and cloud computing. The company was officially formed in 2009 to commercialize the open-source software, securing an initial $5.5 million in funding from Benchmark Capital. The founding team included Rich Wolski (CTO), computer science researchers, and entrepreneur Woody Rollins (CEO).

The company developed an open-source software platform for building on-premise private and hybrid cloud environments compatible with Amazon Web Services (AWS). This core offering, named Eucalyptus (an acronym for Elastic Utility Computing Architecture for Linking Your Programs To Useful Systems), enabled IT organizations to create their own Infrastructure-as-a-Service (IaaS) clouds. The business model centered on offering both a free open-source version and a commercially supported enterprise edition, monetizing through support and enterprise-grade features for clients. The platform's key benefit was allowing organizations to pool and dynamically scale their own compute, storage, and network resources while using the same industry-standard AWS APIs they were familiar with, including EC2, S3, and IAM. This facilitated a seamless transition for workloads between a private Eucalyptus cloud and the AWS public cloud.

A significant milestone was the formal agreement with Amazon Web Services in March 2012, which aimed to enhance compatibility between the two platforms. In 2010, former MySQL CEO Mårten Mickos took over as CEO of Eucalyptus Systems. The company's trajectory culminated in its acquisition by Hewlett-Packard (HP) in September 2014 for a reported sum under $100 million. Following the acquisition, Mickos was appointed to lead HP's cloud division with the goal of integrating Eucalyptus into HP's Helion cloud portfolio. However, HP's public cloud offering was shut down by the end of 2016. The Eucalyptus team was later transferred to DXC Technology in 2017, which subsequently discontinued development. In response, members of the original founding team forked the code to continue its development and support under a new entity, AppScale Systems.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2009
Headquarters
Goleta, United States
Employees
3
Open positions
None listed
Dealroom signal
57.4/100
Industry
Enterprise Software
Sector
Other B2B Software, Infrastructure Services, Open Source, Data Centers, Cloud Computing
Business model
SaaS
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Sep 2014 $0 — HP —
SERIES COther financing Apr 2012 $30M $120M NEA · Benchmark · IVP —
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Growth signals

Eucalyptus Systems website traffic

Latest recorded traffic for Eucalyptus Systems is 540 monthly website visits, up 100% over the last three months. Eucalyptus Systems's team grew 0% over the past year.

Latest monthly visits540 3-month web change+100% 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

Series B and later1 investor entered at this stage

Other known investors1 additional known investor

  • HP
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Goleta HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Eucalyptus Systems on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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