Blue Box Raises Additional $4M in Funding for Private Cloud as a Service
Blue Box on Tuesday announced it has completed a Series B round of financing, bringing the total funding of this round to $14 million. The private cloud as a service (PCaaS) solutions provider has raised a total of $23.1 million in funds since 2012.
An undisclosed telecommunications provider led this round of financing. Both companies also entered into an agreement to provide Blue Box Cloud, and other cloud services powered by Blue Box technology, to the telco’s customers. Blue Box Cloud is powered by OpenStack, an open-source cloud computing software platform
Additional investors in this financing round round include Voyager Capital and Founders Collective, an earlier announced strategic investor, and the Blue Box executive team.
The Seattle-based company plans to leverage the additional funds for several growth initiatives: hiring talent for its sales, marketing and engineering teams; increasing its sales and marketing efforts; and expanding its channel partner program.
Jesse Proudman, founder and CTO of Blue Box, told Talkin’ Cloud that the company will also use the financing to accelerate its product development roadmap for its channel partners.
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“Specifically, we are actively working with resellers to package our technology so that service providers can more quickly deploy private cloud as a service for their customers who want OpenStack-powered private cloud infrastructure without the burden of design, engineering and operations,” he said.
Proudman said his company is all set with financing for now. Blue Box’s current funding level matches up with the company’s short-term business goals, he added.
“As milestones are met and markets expand, additional funding plans will become public,” Proudman said.
“Blue Box is aggressively accelerating its product development roadmap to fully support the channel,” Proudman said. “Specifically, we are actively working with resellers to package our technology so that service providers can more quickly deploy private cloud as a service for their customers who want OpenStack-powered private cloud infrastructure without the burden of design, engineering and operations.”
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