Jolicloud Recieves Funding – Netbook OS

Jolicloud has announced that they’ve received $4.2 million in funding. The company, which offers a new operating system for netbooks, received the funding from Atomico Ventures and Mangrove Capital Partners.

Image: Jolicloud Press Release

Led by CEO Tariq Krim, Netvibe’s founder, Jolicloud has already gotten recognition for its intriguing potential.

“Jolicloud is poised to significantly change the way we use computers,” said Michael Jackson, a general partner for Mangrove Capital Partners (not the King of Pop). “The company’s founder is one of those rare people who understands what it takes to build a product with mass appeal. The early prototypes are encouraging and we look forward to being part of an adventure which we hope will bring low cost computing with exceptional ease of use and high functionality to the millions of people who simply find existing products unexciting, expensive or difficult to use.”

Jolicloud hopes to make computing more inexpensive and give consumers a world-class operating system that doesn’t hog resources.

Said Krim: “Traditional operating systems find their roots in the late seventies and are built around software. But today, 90% of our computing life is on the Web. Jolicloud was built with Web users in mind. This is a project of passion. To make the largest impact, we decided to surround ourselves with people who have real experience in achieving large-scale disruption.”