Funding

From funding to market share: Choosing a cloud computing startup

Grazed from TechTarget. Author: Beth Pariseau.

From AppScale to Zillabytes, a plethora of cloud computing startups have emerged in recent years. There are three ways to go from here: acquisition, IPO or failure. Thus, IT pros considering products from a cloud computing startup should also closely examine the company's funding, market segment and partner ecosystem before they buy.

Identifying the source of funding for CliQr Technologies Inc. was important for Robert Banks, director of PZFlex, a virtual prototyping company based in Mountain View, Calif. that uses CliQr's CloudCenter software to manage clouds hosted by Hewlett-Packard Co. (HP), Amazon Web Services (AWS) and Rackspace Inc...

Logentries Raises $10 Million and Names SaaS Veteran Andrew Burton as CEO

Grazed from GlobalNewsWire. Author: PR Announcement.

Logentries, a new cloud-based service provider for collecting and analyzing huge quantities of machine-generated log data, has received $10 million in Series A financing and has named Andrew Burton as president and CEO. Unlike costly log management alternatives that require advanced technical skills to use, Logentries utilizes a unique collective intelligence model to transform otherwise difficult-to-consume log data into actionable business and operational insights. Logentries will use the funds to accelerate product development and aggressively drive a go-to-market strategy. The financing round was led by Polaris Partners, along with Floodgate, Frontline Ventures, and RRE Ventures. Floodgate is a new investor joining the other firms that provided $1 million seed money in 2012.

"With big data transforming businesses of all kinds, Logentries lets customers focus on the data that matter most - the less than 1% of log entries that contain the game-changing information that's hidden among the other 99%," said Andrew Burton, president & CEO, Logentries. "I'm excited to join the Logentries team where our goal is to harness the power of log data and make it accessible to anyone."...

Cloud-based App Monitoring Platform Bugsnag Secures $1.4 Million in Seed Funding

Grazed from PRWeb. Author: PR Announcement.

Bugsnag, the cloud-based crash monitoring platform for mobile and web apps, today announced that the company has secured $1.4 million in seed funding. The round was led by Matrix Partners and included participation from top cloud and SaaS angels, including Jason Seats, founder of Slicehost, and Andy McLoughlin, founder of Huddle.

Funding will be used to further Bugsnag's leadership in app monitoring and expand the company's engineering division to keep up with rising customer demand. As the only fully cross-platform application monitoring platform, Bugsnag is committed to investing in innovation around its core platform and expanding its mobile monitoring products...

Cloud Computing: Virtustream Gets $40 Million Investment Led by Longtime Partner SAP

Grazed from TheWhir.  Author: Nicole Henderson.

Cloud provider Virtustream announced this week that it has closed a $40 million Series D investment round led by enterprise software provider giant SAP.  The investment will be used to grow capacity of IaaS growth, and be put into further developing of its xStream cloud management software for enterprise and service provider network. In 2012, Virtustream raised $15 million to help grow xStream and expand into more markets.

The investment comes after a long-standing partnership between the two companies, where SAP was both a strategic partner and customer of Virtustream.  Virtustream’s cloud software and IaaS offerings were built to serve the requirements of enterprise applications, including security, compliance, and SLAs. Its platform was one of the first to be certified to deploy the full line of SAP business applications in 2010...

RiverMeadow Software Raises $12M in Funding to Support Cloud Migration SaaS

Grazed from TheWhir. Author: Justin Lee.

Automated server migration solution provider RiverMeadow Software announced on Wednesday it has closed a $12 million Series B financing round that included investors Cisco, Violin Memory and others. The move comes a few weeks after RiverMeadow Software released version 2.0 of RiverMeadow Cloud Migration SaaS which delivers a wide range of feature and infrastructure enhancements.

The new funding will help go to support RiverMeadow’s growth as the company drives deployments of the RiverMeadow Cloud Migration SaaS with carriers and service providers around the world. “This is a significant milestone for RiverMeadow which validates the enormous potential we see for our cloud migration solution,” said Mark Shirman, CEO of RiverMeadow. “The RiverMeadow Cloud Migration SaaS has already gained tremendous traction and acceptance with many of the world’s largest cloud infrastructure manufacturers and service providers...

Business communications SaaS provider RingCentral files for a $100 million IPO

Grazed from Renaissance Capital. Author: PR Announcement.

RingCentral, which provides cloud-based phone systems to small businesses, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The San Mateo, CA-based company, which was founded in 1999 and booked $136 million in sales for the 12 months ended June 30, 2013, plans to list under the symbol RNG, but has yet to announce an exchange. RingCentral initially filed confidentially on June 24, 2013. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch are the joint bookrunners on the deal. No pricing terms were disclosed.

Jama Software Raises $13 Million To Bring Its SaaS-Based Product Delivery Platform To Enterprises

Grazed from TechCrunch. Author: Ryan Lawler.

Organizations need better tools for managing their product development, and the legacy options that they have today aren’t well positioned for today’s distributed teams or agile workflows. Jama Software offers a cloud-based product that is designed to help teams finish projects faster and also to keep an entire organization on the same page. And it’s raised $13 million to go after that opportunity.

Jama Software provides a SaaS-based platform that helps to accelerate product development within large, globally distributed enterprises. It works by tying together all the requirements and procedures that teams need to move projects forward and putting it together all in one place...

CareCloud Announces an Additional $9 Million from Adams Street Partners as Part of Series B Funding Round

Grazed from BusinessWire. Author: PR Announcement.

CareCloud, the fastest-growing provider of cloud-based practice management, electronic health records (EHR), and medical billing software and services, today announced it has secured an additional $9 million from Adams Street Partners as part of the Company’s Series B financing round. On June 18, 2013, CareCloud announced it had secured $20 million in Series B funding, led by Tenaya Capital and included existing investors Intel Capital and Norwest Venture Partners.

This additional funding was the result of continued interest from investors to participate in CareCloud’s latest round, which is now closed at $29 million, and brings CareCloud’s total funding to $55 million. Adams Street Partners is one of the world’s largest managers of private equity for institutional investors and currently manages over $25 billion of committed capital for institutional investors...

VCs Hot on U.S. Market for Cloud, Mobile Technology Investments

Grazed from ChannelNomics. Author: Chris Gonsalves.

Global investors are feeling more confident about the U.S. economy and are poised to start shoveling money into select technology investments, according to new research from Deloitte LLP and the National Venture Capital Association.

The 9th annual Global Venture Capital Confidence Survey, released today, indicates global investors are increasingly enthusiastic about technology investments in mobile, cloud, enterprise software and health care IT, all areas of significant focus for technology channel partners...

Cloud Computing: Tradescape raises $43M to help digital media companies manage finances

Grazed from VentureBeat. Author: Rebecca Grant.

Tradescape has raised $43 million for its software-as-a-service (SaaS) solutions to help online businesses handle their finances. The $43 million sum is the first chunk of of a proposed $114 million round. Tradecape works with ad agencies, content publishers, and content creators to manage transactions that start in digital media marketplaces.

Its “financial clearing” technology automates financial reconciliation, clearing, billing, settlement, invoicing, reporting, and auditing. Buying and selling media is a complicated process. Tradescape’s tools helps brands, agencies, and marketers ensure that they stay on-budget without constantly needing to check in with their partners and track campaign performance...