5 Cloud Computing Funding Stories You Might Have Missed, May 8
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, Dasheroo, CloudGenix, Lucid and Storiant.
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, May 8.
Twilio Has Joined The Unicorn Ranks With Stealthy $100 Million Raise. San Francisco-based cloud communications company Twilio has secured $100 in Series E funding. The Series E funding round nearly doubled Twilio’s valuation and total funding the company has raised since its launch in 2008. Forbes also pointed out that Twilio documents filed on April 24 authorized 8,841,730 new shares at an issue price of $11.31 per share.
CloudGenix, Software-Defined WAN Leader, Closes $25 Million Series B Funding Round. Software-defined wide area network (WAN) provider CloudGenix has raised $25 million in a Series B funding round led by Bain Capital Ventures and including additional investments from Charles River Ventures and the Mayfield Fund. The funding round brings CloudGenix’s total financing raised to $34 million. CloudGenix said it will use the Series B funds to “accelerate sales expansion and product growth to meet worldwide customer demand to radically simplify how WANs are designed and managed.”
Lucid Closes $14 Million Series B Funding to Build a Fully Integrated Building Management Platform. Lucid, which provides cloud-based software for integrated building management, has added $14.2 million in a Series B funding round. New investor GE Ventures participated in the funding round, along with existing Series B investors Formation 8, Zetta Venture Partners and Autodesk. Lucid noted that it will use the Series B funds to expand its software capabilities.
Dasheroo Announces $3.25 Million In Series A Financing Led By Cloud Apps Capital Partners; Unveils World-Class Business Dashboard Solution. Dasheroo has raised $3.25 million in Series A financing led by Cloud Apps Capital Partners. The company said the funding will be used to bolster its business dashboards platform. In addition, Dasheroo has announced that Matt Holleran from Cloud Apps Capital Partners will join the its board of directors.
Boston Startup Adds Funding To Offer Cheaper Cloud Storage Than Amazon. Boston-based cloud storage startup Storiant has added $1.6 million in debt funding, according to the Boston Business Journal. The company’s May 4 filing with the U.S. Securities and Exchange Commission (SEC) lists 11 undisclosed investors in total. Storiant CEO Jeff Flowers pointed out that his company remains focused on extending its reach in the cloud storage software market.
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