As GigaOm notes, San Francisco-based startup Engine Yard has raised $19 million in a third round of venture capital funding from DAG Ventures, Bay Partners, and Presidio Ventures (a Sumitomo Corporation company). The investment follows a total investment of $18.5 million in the company in 2008 from Benchmark Capital and other investors, one of which was Amazon.
Engine Yard offers a cloud-based hosting environment for Ruby on Rails applications.? Ruby on Rails is an open source software framework that underlies Twitter and many other well-known applications. You can find many notable applications based on it at Open Source Rails. With substantial funding under its belt, Engine Yard's next move may be to expand its support and services business, a la Red Hat.