Each week Talkin' Cloud compiles a list of cloud computing financing stories for readers who might have missed the news earlier in the week. This week's column features funding news from Twilio, Kareo, Radius, etouches and MacroFab.
These stories have been gathered from Talkin' Cloud's article database and other media sources. If we missed something, feel free to leave a comment below. We might just add it into the mix.
Here's this week's list of 5 Cloud Computing Funding Stories You Might Have Missed, July 31.
Twilio Secures $130 Million in Series E Funding. Twilio has raised $130 million in Series E funding led by Fidelity Investments and T. Rowe Price. New investors Altimeter Capital Management and Arrowpoint Partners and strategic investors Amazon (AMZN) and Salesforce Ventures also participated in the funding round. Twilio said it will use the Series E funding to accelerate its product roadmap and expand globally.
Kareo Secures Over $55 million in Investment to Extend Market Leadership. Kareo has closed a $55.4 million funding round. The investment was led by Montreux Equity Partners, with participation from Silver Lake Partners and all of Kareo's existing investors. Kareo, which offers cloud-based services for independent medical practices, said the most recent funding round will help finance the company's product line.
Radius Closes $50MM Investment, Led By Founders Fund, to Meet Surging Demand for Predictive Platform. Predictive marketing software company Radius has received $50 million in a funding round led by Founders Fund. The funding round also included participation from Formation 8, Glynn Capital Management, AME Cloud Ventures, Salesforce Ventures, BlueRun Ventures and Yuan Capital. Radius pointed out that it will use the funding to enhance its product suite.
etouches Event Management Software Receives $14M in Series C Funding. Cloud-based event management software provider etouches has received $14 million in Series C funding. The investment came from current investors and new strategic investor Argentum Group. etouches said the funding will help it further develop its cloud-based tools.
MacroFab Announces $2 Million in Seed Funding. MacroFab, which provides a cloud-based electronics manufacturing platform, has secured $2 million in seed funding. Techstars led the funding round. MacroFab noted that it will use the seed funding to bolster its platform's capabilities.