4 Cloud Computing Funding Stories You Might Have Missed, Nov. 7
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 Cloud9, Namely, Nitro Software and Stratoscale.
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, November 7.
Cloud9 raises new funding because your web development really belongs in the cloud. Cloud9 has secured an undisclosed amount of new funding from Balderton Capital. The startup will use the new funding to grow its team and support more languages and frameworks. Additionally, Balderton’s Suranga Chandratillake will join Cloud9’s board of directors.
Namely Raises $12M Series B for Cloud-Based HR Platform. The Cloud-based human resources platform said it has raised $12 million round of Series B funding led by Matrix Partners. This brings the company’s total amount of funding to $22 million. Namely said it will use the additional funds to expand its sales, marketing and engineering teams, as well as to help establish a more prominent presence in the New York City.
Nitro Raises $15M To Smarten Documents. Headquartered in San Francisco, the startup, which offers an alternative to Adobe Acrobat, said it has raised $15 million funding round to add to the $6.6 million it has already raised. This round comes from Battery Ventures. The company plans to use the financing to expand the market for its document creation and sharing product.
Stratoscale Raises $32M To Hyper-Converge Infrastructure. The data center solutions provider this week said it has raised $32 million in financing led by Intel Capital, with participation by new investors Cisco and SanDisk as well as the original Series A backers, Battery Ventures and Bessemer Venture Partners. This Series B round takes total funding to $42 million for the company.