Startup of the Week: Joyent Scores Big!
By Laura on Nov 17, 2009
Congrats Joyent team for the fantastic announcement today!!
Intel has just announced a strategic investment in Joyent. More on the Press Release.
Joyent, both a long-time Sun Startup Essentials member and hosting partner - has been profitable for years, and boasts some really impressive customers (e.g. ABC.com, LinkedIn, and more). More recently Gilt Groupe, an online luxury goods retailer with over $200M, publicly stated that they spend less than 1% of their revenue on IT infrastructure (all on Joyent), which is 70% savings over Gartner industry averages. That saves them at least $10M a year!