Funding

Panzura Closes $32 Million Growth Capital Round

Grazed from Panzura

Panzura, the leader in hybrid cloud storage, today announced a new $32 million growth capital round led by Matrix Partners and joined by Meritech Capital Partners, Opus Capital, Chevron and Western Digital as well as an undisclosed strategic investor. The new financing will be used to scale Panzura's leadership in leading the massive transformation of the $32B on premise storage market spend to a cloud first storage model. The monies will also be used to expand Panzura's hybrid cloud storage offerings for high performance database and virtual workloads, big data analytics and Internet of Thing (IoT) applications.

Panzura had record growth in 2016, including adding over 100 new enterprise customers and expanding its channel and alliance presence with leading cloud providers AWS, Google, IBM and Microsoft Azure. Panzura added over 26 new petabytes of enterprise storage in 2016 and its hybrid cloud NAS, archive and collaboration storage products were deployed in over 33 countries across multiple industries and governments.

CloudCraze Secures $20 Million in Funding to Meet Growing Demand for Cloud-Based B2B Commerce

Grazed from CloudCraze

CloudCraze, an enterprise digital commerce solution built on the Salesforce platform, has secured $20 million in funding led by Insight Venture Partners. Salesforce Ventures joins Insight as an additional investor. The combined funds will supercharge product development, support continued growth in the United States and EMEA, and expand the company's team of B2B commerce experts.

CloudCraze is a Platinum Salesforce ISV Partner. Built on the Salesforce platform and leveraging the agility of the cloud, CloudCraze allows businesses to harness the power of digital commerce to generate online revenue fast and easily scale for growth. It provides seamless omnichannel interactions and a holistic view across all customer touchpoints. CloudCraze is focused on solving the complex needs of B2B companies including several iconic brands, such as Coca-Cola, Avid, AB InBev, Barry-Callebaut, Ecolab, GE, Land O' Lakes, Kellogg's, and WABCO.

CareCloud Completes $31.5 Million Series C Funding Round to Further Modernize Healthcare

Grazed from CareCloud

CareCloud, the platform for high-growth medical groups, today announced an oversubscribed $31.5 million Series C funding round, including new investments by diversified financial services leader The PNC Financial Services Group, Inc. and commerce technology giant First Data Corporation. Blue Cloud Ventures joined as a new investor and led the round. CareCloud will use the capital to rapidly scale its team and its clinical and financial platform as it transforms how physician practices modernize the patient experience and deliver value-based care.

“The healthcare sector is evolving quickly, especially with respect to patient engagement and consumerism,” said James G. Graham, Head of Treasury Management at PNC. “Our team brings to bear deep industry knowledge and sophisticated treasury management capabilities for our customers. Aligning with CareCloud will help both of us continue to lead the way with physicians’ practices and patients.”

Serverless, Inc. Nets $3M to Radically Simplify Cloud Infrastructure

Grazed from Serverless, Inc.

Serverless, Inc., creators of the Serverless Framework, which enables companies to build web, mobile and IoT applications comprised of cloud services that scale automatically, has secured $3 million in seed funding led by Trinity Ventures. The funds will further Serverless’ mission to help its users spend less time operating complex infrastructure and more time delivering results.

In addition, Serverless, Inc. has brought Serverless Framework V1.0 out of beta. The Framework’s beta has seen massive interest from the open-source community and has racked up more than 11,000 GitHub stars in one year. It leverages new, event-driven compute services, like Amazon Web Services’ Lambda, to deploy applications that scale continuously and bill their owner only when they run. After being tested by hundreds of startup and enterprise companies, the Serverless Framework is ready for production.

Startup Blue Medora Lands Series B Round for Cloud and Database Performance Monitoring

Article Written by David Marshall

Blue Medora, a cloud and database management software startup based in Grand Rapids, Mich., recently closed on a Series B funding round of $8.6 million, led by St. Louis-based Lewis & Clark Ventures. In a statement the company said the fresh investment will be used to expand more sales, marketing and development in cloud environments. 

Blue Medora completed its Series A for $4.6 million in 2015, and current investors VMware, Inc., eLab Ventures, Start Garden and Grand Angels also supported the series B. The total capital raised since the company's inception is up to $14.5 million. 

High-Performance Cloud Gaming Platform LiquidSky Raises (US) $4 Million

Grazed from YahooFinance. Author: Editorial Staff.

LiquidSky -- a revolutionary high-performance cloud-based gaming, processing, and remote desktop service -- is pleased to announce today the successful closing of (US) $4 million in a series of seed rounds, led by Samsung Global Innovation Center, Sun Microsystems founder Scott McNealy, and former Sun Microsystems and AOL-Time Warner executive Bill Raduchel.

Both McNealy and Raduchel serve as LiquidSky's strategic advisors, with Raduchel also the company's Chairman of the Board. Presently in closed beta, LiquidSky has already attracted over half a million users to its revolutionary Desktop-as-a-Service (DaaS) platform. "We are thrilled to have secured the confidence and financial backing of Samsung Global Innovation Center, as well as technology pioneers Scott McNealy and Bill Raduchel," said Ian McLoughlin, LiquidSky CEO...

RackWare Secures $10M Series B Funding to Modernize Cloud Management

Grazed from RackWare

RackWare, the leader in enabling comprehensive cloud management for the enterprise, today announced the close of a $10M Series B round of funding led by Signal Peak Ventures, with additional funding from Kickstart Seed Fund and Osage Venture Partners. RackWare will utilize the funding to enhance and accelerate product development and to expand sales, marketing, partnerships and customer support teams. 

Guided by CEO Sash Sunkara, a female executive with a proven track record in technology and business development, RackWare has emerged as a mainstay for enterprise IT teams seeking to manage their on-premise, private-cloud and public-cloud applications on one platform. Customers include Blue Cross Blue Shield of CA, Coca-Cola, IBM SoftLayer, HBO, Crayola and Zebra.

DigitalOcean Introduces Hatch to Support the Next Generation of Startups

Grazed from DigitalOcean

Hatch Offers Startups up to $100,000 in Cloud Infrastructure Credits for a Year and Provides Free Technical Training, Mentorship, Priority Support, and a Community to Connect With Other Startups, Accelerators, and Investors

DigitalOcean, the cloud for developers, today announced Hatch, a global incubator program designed to support the next generation of startups as they launch and scale. The program provides startups with access to DigitalOcean's cloud for 12 months so they can focus on building their businesses and not worry about their infrastructure. The program also provides startups with free technical training, mentorship, priority support, and an opportunity to connect with other startups, accelerators, and investors.

Former head of Intel Capital to lead $150mn European cloud fund

Grazed from TheStack. Author: Alice MacGregor.

London-based fund manager C5 Capital is aiming to raise a $150 million (approx. £114 million) fund to tap into the growing cloud computing sector after appointing the former European head of Intel Capital, Marcos Battisti. Battisti will join the firm this September to manage one of the largest funds of its kind in Europe.

The investment will target next-stage development businesses operating in the cloud computing market, and hopes to enable further opportunities for remote processing and storage. The Financial Times expected typical investments to be between $5 million and $15 million. At Intel’s venture capital group in the States, Battisti was involved in investments in companies such as French mobile connectivity company Sigfox, and Israeli semiconductor designer Anobit – which was bought by Apple in 2012...

Cloud Computing: BitTitan Raises $15 million in Funding to Accelerate Rapid Growth

Grazed from MSPMentor. Author: T.C. Doyle.

Cloud services innovator BitTitan is taking a big step forward this week with the acceptance of a $15 million in Series A funding. The investment from TVC Capital and Tao Capital Partners marks the first time that BitTitan, which was formed in a basement nine years ago, has accepted seed money form outside sources.

The company plans on using the investment to fuel expansion overseas and help accelerate the development of its cloud services enablement platform, MSPComplete. “Our founders have literally thrown would-be investors out of our lobby previously, but decided now is the right time to accept investment that will help propel our company forward,” said Rocco Seyboth, vice president of product and marketing at BitTitan...