Funding

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...

VeloCloud Raises $27M to Meet Growing Global Demand for SD-WAN

Grazed from VeloCloud

VeloCloud Networks Inc., the Cloud-Delivered SD-WAN company, today announced that it has closed $27 million in Series C financing led by venture fund March Capital Partners and two additional strategic investors, including Cisco Investments. Existing investors, including New Enterprise Associates (NEA) and Venrock, also participated in the round. The funding will be used to expand business operations as the company accelerates new product development and customer rollouts, and ramps up sales and marketing in expanded theaters to meet growing global demand. Today's funding brings the company's total funding to $49 million. 

Gartner, a research and advisory firm, has estimated that by the end of 2019, 30 percent of enterprises will use SD-WAN products in all their branches, up from less than 1 percent today. 

Zerto Announces $50 Million Growth Financing led by IVP

Grazed from Zerto Corporation.

Zerto, setting the standard for protection, recovery and migration of data in cloud and virtualized data centers, today announced it has secured a $50 million Series E financing led by IVP and has achieved a fourth consecutive year of 100%+ sales growth. The additional capital will support continued product development to increase the flexibility of software defined, hybrid cloud infrastructures for easier adoption and use by business leaders in a wide range of industries. As a later stage venture capital investor, IVP's noteworthy successes include high profile technology companies AppDynamics, Domo, Marketo, Netflix, Pure Storage, Snapchat, and Twitter.

Datadog Raises $94.5M in Series D Funding

Grazed from DataDogHQ

Datadog, the leading SaaS-based monitoring platform for cloud applications, today announced it has raised $94.5M in an oversubscribed Series D funding round led by ICONIQ Capital with participation from existing investors Index Ventures, OpenView Ventures, Amplify Partners, Contour Ventures and other equity holders. The funding will be used for research and development of new product offerings and expansion of Datadog's global operations in Europe, Asia and the Americas.

"Datadog is leading the way in how enterprises deploy and monitor their increasingly dynamic infrastructure," said Shardul Shah, Datadog board member and partner at Index Ventures. "We started the journey together with a beautifully-designed, easy-to-use product that delivered value to customers very quickly. We have incredible momentum, and we're looking forward to tackling an enormous opportunity to drive the cloud infrastructure management market globally."

Datadog Fetches Big Bucks to Monitor Cloud Servers, Apps, And More

Grazed from Fortune.  Author: Barb Darrow.

Datadog—the New York startup that monitors how well (or not so well) its customers’ applications run in the cloud—now has $94.5 million in new funding, bringing its total to a healthy $147.9 million.  The company will use the money to flesh out its product line and beef up global operations in Europe, Asia and the Americas.
 
One big goal will be to add more data sources—there are about 120 now—and come up with new ways to monitor applications. The rationale is to help businesses wring the most out of both their legacy and newer cloud applications, Olivier Pomel, Datadog chief executive said in a statement...

Cloudyn Raises $11 Million in B-Round Led by Carmel Ventures

Grazed from PRNewsWire. Author: PR Announcement.

Cloudyn, the leading provider of hybrid, multi-cloud monitoring and optimization solutions, announced today that it has closed a Series B round of financing in the amount of $11 million. The round was led by Carmel Ventures, a member of the Viola Group, with participation of previous investors, Titanium Investments and RDSeed [a collaboration of Rafael and Elron Electronics (ELRNF)]. The company also announced that Ronen Nir, General Partner at Carmel, will join its Board of Directors.

Cloudyn has tripled its revenue for three consecutive years in addition to doubling personnel. The company's single pane of glass approach provides clarity and actionable insights for optimal cloud management. Currently monitoring more than 200,000 virtual machines and over 12,000 concurrent applications, Cloudyn will use the proceeds to further its market share and brand, as well as continue advancing first-to-market solutions to ensure customer delight...

Bracket Computing wins $45 million to secure cloud with encapsulated data cells

Grazed from BusinessCloudNews.  Author: Editorial Staff.

Security start up Bracket Computing has been awarded $45m in a Series C investment round to develop its system for making content safe on the cloud.  Bracket’s Computing Cell technology works by encapsulating content in cell in order to secure it. The enveloped data and applications can then travel in safety across multiple cloud environments, according to its inventors. The Cell technology simplifies the increasingly complex issue of cloud management by consolidating security, networking and data management into a single construct.
 
The cell can run across multiple public clouds and in a customer’s own data centre. The cell structure also brings consistency to the cloud, as it protects client apps from the performance changes that can occur in cloud computing...