Engine Yard Closes $19 Million Series C Financing Round

Additional Funding to Accelerate Penetration of Ruby on Rails into the
Enterprise

SAN FRANCISCO, Oct. 8 /PRNewswire/ -- Engine Yard, the leader in Ruby on Rails
automation and management technologies, today announced that it has secured
$19 million in its third round of venture capital funding, bringing its total
funding to date to more than $37 million. The Series C round includes new
investors DAG Ventures, Bay Partners, and Presidio Ventures (a Sumitomo
Corporation venture investment company). Previous investors Benchmark Capital,
Amazon.com, and New Enterprise Associates also participated in the latest
financing round.

"Lightweight development frameworks have attracted an entire generation of
developers looking for faster, more intuitive development platforms," said
Nick Pianim, Managing Director at DAG Ventures. "Engine Yard has become an
important center of gravity for development teams and companies creating
serious applications with Ruby on Rails, and we are excited to have the
opportunity to invest in their leadership bringing those technologies to
market."

In just a few years, Ruby on Rails has become a leading choice for rapid
development among web developers, with as many as half a million Ruby
developers worldwide and successes like twitter.com and yellowpages.com taking
advantage of its speed of development. The mission of Engine Yard is to give
developers and development teams the automation technologies and services
necessary to reliably develop, deploy, and manage Ruby on Rails applications
at any scale, allowing developers to focus on building great user experiences.
Hundreds of customers already use Engine Yard Cloud, a fully monitored,
self-healing application services platform for Ruby on Rails applications.

"Engine Yard has made a number of important moves over the last 12 months to
become a dominant platform for cloud computing," said Peter Fenton, General
Partner at Benchmark Capital. "Its leadership, particularly with open source
projects like JRuby and Rubinius, is bringing new levels of automation, scale
and reliability to Ruby developers all over the world, and is pushing the Ruby
on Rails ecosystem even further into the enterprise."

With this latest capital investment, Engine Yard will continue to build out
the Engine Yard Cloud to meet enterprise requirements, build support offerings
for JRuby development teams, and continue to invest in the open source
projects that are bringing new levels of productivity to developers worldwide.

"We are excited to have our new venture capital partners sign on to the Engine
Yard mission to create the leading Application Cloud for Ruby on Rails," said
John Dillon, CEO of Engine Yard. "Ruby on Rails continues to drive a
revolution in application development. In partnership with infrastructure
providers, our goal is to continue to build out the platform and services that
combine to make Ruby on Rails the obvious choice for any developer who wants
to build a reliable, high performance application at any scale."

About Engine Yard
Engine Yard provides automation technologies and services for Ruby on Rails,
including Engine Yard Cloud, an application services platform for web
developers and web teams. It provides easy-to-use, automated Rails application
deployment and management, with a design philosophy that allows easy migration
of existing applications. Engine Yard employs top industry experts and
sponsors or contributes to many Open Source projects and efforts such as Ruby
on Rails (www.rubyonrails.org), JRuby (www.jruby.org) and Rubinius
(www.rubini.us). Headquartered in San Francisco, Calif., Engine Yard is backed
by Benchmark Capital, New Enterprise Associates, and Amazon.com. Visit
www.engineyard.com.

SOURCE Engine Yard

Ray George of Page One PR, +1-650-922-3825, ray@pageonepr.com, for Engine
Yard