Cloudability raises $8.7M

Cloudability raises $8.7M

Portland startup Cloudability landed $8.7 million in investment backing and plans to double the number of its employees.

Many companies, large and small, have shifted much of their data storage and processing into data centers -- large, centralized facilities packed with thousands or tens of thousands of computers. Companies such as and Rackspace lease space in their server farms.

Cloudability helps businesses manage that, so they're paying for just what they need.