Boulder cloud startup files bankruptcy

BOULDER — Ajubeo, a cloud computing startup, has filed Chapter 11 bankruptcy and is attempting to sell its assets.

Ajubeo was founded in 2011 in Boulder and is majority owned by Grey Mountain Partners, according to BusinessDen. 

The company said in court documents it filed for bankruptcy to protect its assets. The company started hitting trouble earlier this year: It started losing customers, which caused a potential buyer of the company’s assets to walk away. Ajubeo let go half its staff. A deal with the same potential buyer went off the rails this month when a vendor sued to seize its…