Technology investors betting big on cloud computing startups on hope of strong returns

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Technology investors are raising the tempo of investments in cloud computing startups buoyed by strong returns and growing customer demand for software as a service.



This week, venture funds closed two more deals in the sector with Norwest Venture Partners putting in $6 million (about Rs 32.6 crore) in first-round funding for Attune Technologies. The Chennai-based startup uses cloud technology for scheduling, billing and management of patient data with a base of 2 million patient records. Source Economic Times