US-Ukrainian cloud computing startup secures $3.5 million from international investor consortium

Last week Sixa, a San Francisco-based startup which has developed developed a “personal computer in the cloud,” closed a $3.5 million round of seed funding.

According to the company’s press service, the round was led by Californian fund Tandem Capital with participation from Ukrainian funds Digital Future and Horizon Capital, Gagarin Capital, a fund with Russian roots, as well as Social Capital, Presence Capital, Rising Tide Fund, and other unnamed investors.

TMT Investments contributed $300,000 to this round. This investment was announced separately in August.

Sixa was founded last year by Ukrainian entrepreneurs Mykola Minchenko and Ievgen Nechaiev. It has its headquarters in Silicon Valley, but has kept significant R&D activities in Ukraine. 

Sixa claims to store your entire computer in the cloud, allowing you to access your software and applications from anywhere — and without requiring any hardware upgrades.



The solution, which has just been made available in beta, is intended for developers, designers and gamers. Sixa is also considering other verticals, including data-rich design, secure enterprise access and virtual reality systems.

“In order to build on real hardware, large project developers will spend around 10 minutes [setting up their computer]. On the Sixa computer, developers will have the same build be done in around a minute. For every seven builds, we will save an hour of a developer’s time, with one hour costing between $40 to $90 for freelancers,” Minchenko said  in a recent interview with VentureBeat.

Sixa took part in the acceleration programs of Startupbootcamp in Istambul last year and Y Combinator in California earlier this year, as reported by Ukrainian tech blog AIN.UA, securing $140,000 and $120,000, respectively, from these startup accelerators.

Sources: Sixa, AIN.UA, TechCrunch

Topics: Finance, International, News, Software, Startups, Venture/Private equity
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