Funding

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...

Cloud Security Platform Zscaler Raises A $100M Series B Round Led By TPG, Now Valued At Over $1B

Grazed from TechCrunch.  Author: Frederic Lardinois.

Security platform Zscaler today announced that it has raised a $100 million Series B funding round led by late stage investor TPG. The company, which offers a wide range of web, mobile and cloud security services for enterprises, has now raised a total of $138 million and says that its valuation in this last round was over $1 billion. Other investors include EMC and previous investor Lightspeed Venture Partners.

“Our mission is to make the Internet safe for business by delivering an amazing security platform that protects our clients and enables the strategic adoption of cloud computing, mobile devices and the Internet of Things,” said Jay Chaudhry, CEO of Zscaler, in today’s announcement...

Euro SaaS Startups Would Be Idiots Not To Know Notion Capital After $150M Fund Raise

Grazed from TechCrunch. Author: Mike Butcher.

The scale of the opportunity in Cloud computing and SaaS was underlined today with the news that Notion Capital has closed its third fund with a first round of $120m, with a final close of $150m expected. Funds under management will therefore be over $300m. Partners and brothers Ben and Jos White formed Notion in 2008 after selling MessageLabs to Symantec for $700m, one of Europe’s largest B2B SaaS exits. But what is key to note here is the scale of opportunity for European enterprise startups.

For starters, the news makes Notion the biggest dedicated B2B SaaS fund in Europe with 33 investments including Tradeshift, NewVoiceMedia, CurrencyCloud, DueDil, AdBrain and Trustev. It’s already had European exits such as Shutl, to Ebay and Star, to Claranet. Its portfolio also includes many of hottest SaaS companies in Europe right now, including Adbrain, Brightpearl, Currency Cloud, Duedil, IOCS and MOVE Guides...

Superstar-backed Rescale nets $6.4 million to build a better engineering cloud

Grazed from Fortune.  Author: Barb Darrow.

Engineering jobs—things like the design of a complex airplane or car part and the virtual testing of that design—pose special and intense computing challenges. And that’s the job San Francisco-based Rescale, which just announced $6.4 million in funding,

The money comes in the form of a seed round led by the Data Collective with contributions from such luminaries as Amazon AMZN -0.84% founder Jeff Bezos, Virgin Group founder Sir Richard Branson, Ycombinator’s Paul Graham and Sam Altman, and Paypal co-founder Peter Thiel...

DigitalOcean Raises $83M to Help Move Cloud Provider Forward

Grazed from eWeek. Author: Sean Michael Kerner.

Cloud vendor DigitalOcean today announced that it has raised $83 million in a Series B round of funding led by Access Industries and with the participation of Andreessen Horowitz. The new funding, according to Ben Uretsky, co-founder and CEO of DigitalOcean, will help finance his company's growth, buying new servers and investing in the facilities and assets that are needed to move the company forward.

"We're trying to look two to three years ahead to understand what the capital needs of the business are," Uretsky told eWEEK. "When you go out to raise capital, what you're doing is balancing the valuation against the time horizon." To date, DigitalOcean has raised $123.4 million in venture capital, with a $3.2 million seed round of funding in July 2013 and a $37.2 million Series A round in March 2014...

Healthcare Cloud Services Provider Catalyze Raises $4 Million

Grazed from TheWhir.  Author: Nicole Henderson.

Healthcare cloud hosting provider Catalyze has raised $4 million from investors, according to a report by Xconomy on Thursday. The latest funding round brings its total funding to $6 million.  Catalyze was backed by existing investors in its latest funding round.

The company raised a $2 million Series A in 2013. Its investors include Arthur Ventures, Baird Capital and Chicago Ventures. Other participants include the State of Wisconsin Investment Board, Gener8tor, Oshkosh, Angels on the Water and individual investors including Mark Bakken and Don Layden...