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Liberty Lake's 2nd Watch gets major investment from Madrona Venture Group

Liberty Lake cloud service company 2nd Watch, Inc. announced it's received $4.2 million funding primarily led by Seattle's Madrona Venture Group, with participation from other private investors.

Launched in 2010, 2nd Watch helps large and midsized companies move IT applications and manage company business processes with cloud-based services.

2nd Watch has become a premiere partner with Amazon Web Services, the growing cloud-service division of Seattle's large Amazon.com operationg.

A company release said the funding will help with growth. The company now has about 30 workers in its Liberty Lake and Seatlle offices.

Madrona is one of the most active Western Washington VC firms. It  manages about $1 billion and was an early investor in companies such as Amazon.com, Isilon Systems, World Wide Packets, iConclude, Farecast.com and ShareBuilder.

To read a more complete and detailed version of this story, go to Spokesman.com this evening or look in the Dec. 27 print edition of The Spokesman-Review.
 




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