DuraSpace has received a two-year $861,000 grant from the Gordon and Betty Moore Foundation to develop DuraCloud data services.
Here's an excerpt from the press release:
Currently, DuraCloud provides a reliable way to preserve and archive research materials in the cloud, a solution developed within the academic community for academic institutions. During the next phase of DuraCloud development, additional applications, features, and services will be built to extend the cloud in order to facilitate data archiving and content management. DuraSpace offers DuraCloud as a software as a service that enables archiving, preserving, and managing institutional content using cloud storage and intends to expand its service offerings in the next phase of development.