5 Cloud Computing Funding Stories You Might Have Missed, July 6
Each week Talkin’ Cloud compiles a list of cloud computing financing stories for readers who might have missed the news last week. This column features funding news from Adaptive Insights, Distil Networks, SkyKick, Blue Medora and Cloud Technology Partners.
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 3.
Adaptive Insights Closes $75 Million Investment to Power New Era of Corporate Performance Management for Modern Finance Leaders. Cloud corporate performance management solution provider Adaptive Insights has secured $75 million in funding. New investor JMI Equity provided the financing, along with existing investors Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Monitor Ventures and Information Venture Partners. Adaptive Insights said it will use the funding to accelerate its product roadmap and global expansion.
Distil Networks Raises $21M to Block Malicious Bots. Distil Networks has completed a $21 million Series B funding round, according to TechCrunch. Bessemer Venture Partners led the funding round, and Foundry Group, Techstars, ff Venture Capital, IDEA Fund Partners and Correlation Ventures also participated. The new funding brings Distil Networks’ total financing to $38 million.
SkyKick Launches New Cloud Management Category, Secures Additional $10 Million in Funding. SkyKick has added $10 million in strategic financing, bringing its total funding to $17.2 million. Former Qwiki Chief Operating Officer Navin Thukkaram, angel investor Tim Ferriss and several strategic private equity investors provided the funding. SkyKick also unveiled cloud management as a service solutions to help IT solution providers manage multiple cloud-based applications from a single platform.
Blue Medora Closes $4.6 Million in Series A Funding. Cloud systems management solution provider Blue Medora has raised $4.6 million in a Series A venture capital funding round. Michigan eLab led the funding round, with participation from Start Garden, Grand Angels and other investors. Blue Medora noted that it will use the funding to expand its engineering, marketing and sales teams.
Cloud Technology Partners Raises Additional $3.5M in Funding. Cloud professional services firm Cloud Technology Partners has secured $3.5 million in a top-up funding round. The funding round was led by existing investors Pritzker Group Venture Capital and Oak Investment Partners. Cloud Technology Partners said it will use the funding to scale its sales and delivery capabilities.
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