Cloudyn, a provider of hybrid, multi-cloud monitoring and optimisation solutions, has closed a USD11 million Series B round of financing led by Carmel Ventures, a member of the Viola Group, with participation of previous investors, Titanium Investments and RDSeed [a collaboration of Rafael and Elron Electronics (ELRNF)].
In addition, Cloudyn has announced that Ronen Nir, General Partner at Carmel, will join its Board of Directors.
Cloudyn has tripled its revenue for three consecutive years in addition to doubling personnel. The company's single pane of glass approach provides clarity and actionable insights for optimal cloud management. Currently monitoring more than 200,000 virtual machines and over 12,000 concurrent applications, Cloudyn will use the proceeds to further its market share and brand, as well as continue advancing first-to-market solutions to ensure customer delight.startclickprintexclude endclickprintexclude Inside Tag 2
"Cloudyn has been at the forefront of cloud monitoring and optimization for public and more recently, private cloud," said Sharon Wagner, CEO of Cloudyn. "We have a superb team, disruptive technology, an ongoing commitment to product innovation, and it's getting noticed," he noted. "The funding will allow us to build on this momentum and increase our market share in North America and global markets."
