California-based and Filipino-founded Morphlabs Inc. has secured a $5.5 million venture capital  syndicated by Global Gateway Investment Group (G2iG) to meet its increasing demand for internet-based business application, “cloud” computing products, in the United States and Japan .

The Series B round of financing led by G2iG also obtained new funding from  Frontera of California. 

This puts these venture capital firms in the loop of Morphlabs’ investors which also includes CSK Venture Capital Co. Ltd which invests in companies in Japan and AO Capital Partners Ltd.

Morphlabs has found a need to expand its operation after it introduced in the market the mcloud Controller which creates for the company’s global customers the first fully-automated cloud computing environment needed by enterprises and service providers.

The demand for cloud computing in the market has fast picked become as this involves a cost-effective means for enterprises to carry out business applications from an internet service. This, they are able to do without owning expensive technology infrastructures or having the costly technical expertise while obtaining support from shared resources, software, and information.

“Morphlabs is the first company to deliver a platform that makes cloud computing a commodity service that can be tapped into on-demand like a utility,” said Martin Lichauco, managing partner, Global Gateway Investment Group, parent firm of Morphlabs.

“Morphlabs has proven the ability to execute by empowering Japan ’s leading service providers to deliver public cloud services. After a successful U.S. launch in April, the mCloud product is already seeing an equally explosive entry into the U.S. market.”

Morphlabs Chief Executive Officer Winston Damarillo said the company has also taken on Satoshi Konno as president of the company’s Japan operations in order to further obtain a foothold in the Japan market.

“This financing from our investors is key milestone and furthers our commitment to delivering the innovative platform for powering enterprise and service provider clouds,” he said.

Morphlabs is part of the Global Gateway Innovation Exchange (G2iX), a holding entity founded by a Filipino, Damarillo, who also established successful startup companies that were later acquired by US companies.

Damarillo sold to IBM the Glucode Software, an open source application infrastructure firm in 2005; to Nasdaq-listed Iona Technologies the Logicblaze in  2007; and the Webtide to Intalio in 2007.