CloudEndure Raises $13M in Series B Funding Led by Infosys
Less than six months after raising $7 million, cloud migration and disaster recovery solutions provider CloudEndure has raised an additional $6 million, bringing the total of its recent Series B round to $13 million.
CloudEndure’s Series B funding round was co-led by Infosys and its previous investor Magma Venture Partners. The company has now raised total funding of $18.2 million.
The company said that the capital comes as its experiencing strong demand and customer traction. It launched in 2013 and counts Infosys as one of its 40-plus customers. Its service enables cloud migration and disaster recovery of any machine to and across clouds, using continuous replication of an entire application stack, according to its website.
“If we look back 5 years from now, we will realize that it is companies like CloudEndure that helped enterprises adopt the public cloud,” said Modi Rosen, Managing Partner at Magma Venture Partners. “This funding will fuel even more and faster growth for CloudEndure.”
“We are excited to announce this additional investment. It underscores CloudEndure’s technology and product offering and reflects the market traction and momentum we have been experiencing over the past year,” stated Ofer Gadish, CEO of CloudEndure. “Most importantly, the additional funding will allow us to continue cementing the success of our existing and future customers and accelerate building out our team.”