Electric Cloud Secures Additional $4M in Series E FundingElectric Cloud Secures Additional $4M in Series E Funding
Electric Cloud announced that it has secured an additional $4 million of funding from its current investors to assist the continuous delivery solutions provider with its growth.
April 23, 2014
Electric Cloud on Tuesday announced that it has secured an additional $4 million of funding from its current investors to assist the continuous delivery solutions provider with its growth.
Electric Cloud suggested that it will use the additional funding to continue its growth and market leadership in the continuous delivery space.
This funding is in addition to the $8 million raised by Electric Cloud in September 2013, bringing the total Series E round size to $12 million.
Electric Cloud CMO Jim Ensell told Talkin’ Cloud that the company’s primary sales model is direct, but it relies on channel partners for certain countries around the world.
“That said, this should have minimal effect on the company’s channel partners with the exception of providing more funds for partner enablement and sales support,” he said.
The company said it has raised a total of $41 million in financing from investors.
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