4 Cloud Computing Funding Stories You Might Have Missed, April 24
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 Freshdesk, DNAnexus, CareCloud and Keru Cloud.
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 4 Cloud Computing Funding Stories You Might Have Missed, April 24.
Freshdesk Raises $50 Million to Keep Pace with Zendesk and Salesforce in Customer Service Cloud. Freshdesk has added $50 million in a Series E financing round led by Tiger Global Management. Accel Partners and Google Capital also participated in the financing round. Freshdesk President Dilawar Syed told Forbes that his company plans to use the Series E funds to extend its reach in the cloud-based customer support software market: “The opportunity in this space overall is continuing to expand. And we’ve done it by focusing on product, then hiring, and really managed our marketing spend.”
WuXi PharmaTech Invests $15M in DNAnexus, Signs Cloud Infrastructure Agreement. WuXi PharmaTech is investing $15 million in DNAnexus, which provides a cloud-based genome informatics and data management platform. In addition, WuXi PharmaTech subsidiary WuXi NextCode Genomics is partnering with DNAnexus “to provide cloud infrastructure and tools for genomic data management and analysis to researchers in China and other countries,” according to GenomeWeb. As part of the agreement, WuXi NextCode’s proprietary database infrastructure and clinical and research interfaces will be available on the DNAnexus cloud.
CareCloud Strengthens Operations with $15M in New Funding and Appointment of Silicon Valley Leader Ken Comée as CEO. CareCloud has secured $15 million in new funding and named ex-Iron Systems executive Ken Comée as its CEO. The company, which provides cloud-based practice management, electronic health record (EHR) and medical billing software and services, said it plans to use the funds “to further advance product innovation and customer success.”
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Baidu Invests $11M in Restaurant Management Platform to Bring More Local Businesses Under Its Wing. Keru Cloud, a restaurant management software-as-a-service (SaaS) company, has raised $11 million in Series B financing led by Baidu (BIDU) and Tianxing Capital. Fangjinglin Investment and Kaixing Capital also participated in the financing round. Tech in Asia pointed out that 3,000 restaurants currently use Keru Cloud, and Keru Cloud said it anticipates that 20,000 merchants could leverage its solution by the end of the year.
What are your thoughts on this week’s top cloud computing funding news? Share your thoughts about this story in the Comments section below, via Twitter @dkobialka or email me at dan.kobialka@penton.com.
