Chapter 2, the provider of a global operating infrastructure for Internet-based business applications, Monday (Jan 29) announced the company received more than $50 million in financing.

The financing includes $15 million in private funding by American Express Financial Corporation and more than $34 million in additional private funding and equipment financing. Chapter 2 intends to use this round of financing to expand global operations and further develop its proprietary technology, Prasma, a self-healing, automated solution that continuously monitors the infrastructure for potential interruptions, and corrects them without human intervention before they occur.