Venture capitalists are currently enamored with cloud-based startups, and are investing heavily in the cloud computing industry, according to a post on Cloudtimes.org.
According to statistics shared by PricewaterhouseCoopers, venture capitalists invested as much as $6.9 billion on «Internet-specific» startups in 2011 alone, with «Internet-specific» being a proxy term for «cloud» because that’s what most of them are doing. The $6.9 billion investment is a 68% increase from last year.
In Q4 alone, investments related to cloud amounted to $1.8 billion, which is above the $1.3 billion invested on biotech, and the $883 million invested into cleantech in the same year. It’s more than just the amount, anyway. The amount of deals is also increasing – VCs funded as many as 1,004 software startups related to the cloud last 2011.