Funding

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...

Cloud Computing: Microsoft Establishes Venture Fund for Early-Stage Startups

Grazed from eWeek. Author: Pedro Hernandez.

Microsoft is on the lookout for early-stage startups whose technologies complement its own cloud-first ambitions. The Redmond, Wash., technology giant on May 30 announced the formation of Microsoft Ventures, a formalized venture fund that will enable the company to finally address a gap in its corporate investment strategy.

"In Microsoft's history of engaging with and supporting start-ups, we've done a lot of investing, but not a lot of early stage. Because we would often invest alongside commercial deals, we were not a part of the early industry conversations on disruptive technology trends," admitted Nagraj Kashyap, corporate vice president of Microsoft Ventures, in a May 30 announcement. The new group will provide Microsoft with "a seat at the table," he added...

Qubole Closes $30 Million Investment to Extend Leadership in Big Data in the Cloud

Grazed from Qubole.

Qubole, the big data-as-a-service company, today announced that it has closed a $30 million Series C financing, bringing its total funding to $50 million. IVP led the financing and General Partner Somesh Dash will join the Qubole board of directors. Existing investors CRV, Lightspeed Venture Partners and Norwest Venture Partners invested additional capital into the company as part of the financing.

Qubole will use this funding to expand the availability of Qubole Data Service (QDS), a self-service platform for big data analytics, and to integrate new data engines so customers can choose the right tool for their data analytics needs. Qubole has seen great traction in a number of industries, with customers including Datalogix (Oracle), BloomReach, Pinterest, TubeMogul and Fanatics. The company plans to target several new verticals, including Internet of Things (IoT), life sciences and retail. Additionally, the company will target larger enterprises that are accelerating their usage of the cloud. It will also expand its customer acquisition efforts in the APAC and EU regions.

Big Switch Networks' $48.5 Million Funding Round Signals SDN Momentum

Article written by David Marshall

Big Switch Networks, a software-defined networking (SDN) startup, announced a $48.5 million Series C round of funding today, bringing the company's total funding since its founding in 2010 to $94 million.  

New and existing investors, including Morgenthaler Ventures, Silver Lake Waterman, Index Ventures, Khosla Ventures, Redpoint Ventures, Accton, CID Group and MSD Capital all contributed to this latest round of funding, and they were joined by other undisclosed backers.  Industry observers at those companies and others said the funding showcases the continuing momentum of SDN and related technologies such as network functions virtualization (NFV).
 

Cloud computing company Luminal raises $20 mln, changes name to Fugue

Grazed from PEHub. Author: PR Announcement.

Fugue (formerly Luminal), a Maryland-based startup developing an infrastructure-level operating system for cloud computing, announced it has closed a $20M Series C financing round, led by New Enterprise Associates (NEA). Previous investors, including Core Capital, also participated in the round. This brings the total amount of financing to $34M. The company also announced its name change to Fugue [few-g], which is the name of its cloud operating system.

The rapid adoption of cloud computing brings new challenges as applications have become distributed and infrastructure has proliferated. Fugue reins in this complexity and simplifies operations by building, enforcing, and optimizing cloud infrastructure, continuously and automatically. Fugue can be used to operate cloud-native workloads and to migrate and run traditional datacenter applications in the cloud. It will initially operate workloads on Amazon Web Services...