Java Application Deployment Platform Jelastic Raises $2 Million from Russian Venture Funds

Jelastic, a U.S./Ukrainian/Russian provider of a cloud-based deployment platform for Java apps, has closed a $2 million Series A funding round from Russia and CIS-focused Almaz Capital Partners and Foresight Ventures, a global fund with a bias towards Russia and the US. Jelastic, which competes with Heroku and Google App Engine, offers developers of Java applications a hosted platform based around standard software stacks, which it says helps avoid lock-ins and code changes. The company launched its public beta in October 2011, and since then has picked up over 15,000 unique users.

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