Cloudyn,
the leading solution for cloud monitoring and optimization, today announced it
has secured its first institutional round of financing in the amount of $4
million dollars. This investment brings its total funding to $5.5 million to
date. The funding round was led by Titanium Investments, with existing
investors RDSeed also participating. Cloudyn will channel its new funding to
support more cloud computing infrastructure platforms and enhance its flagship
offering for the myriad of companies taking advantage of hybrid and
multi-clouds.
In addition to its new funding, Cloudyn announced that Alexander Aivazov,
Managing Partner of Titanium Investments, joined the company's board of
directors, bringing the board to 4 members.
"Our investment underscores Cloudyn's platform that has seen strong growth. The
company is experiencing tremendous market momentum, and its rapid adoption by
many world-class, industry-leading companies validates the value it is
delivering to customers," said Alexander Aivazov of Titanium Investments. "I
look forward to joining the board and working with Sharon and the executive
team."
Cloudyn's investment comes on the heels of strong uptake of its cloud monitoring and optimization platform that
delivers unparalleled analytics, enabling customers to proactively identify
unnecessary spending, unused resources, and over-provisioned services across
public, private, and hybrid clouds.
Over the past year, Cloudyn has led the market, expanding its ability to
support a growing number of cloud computing platforms, including Amazon AWS,
Google GCE and OpenStack.
- Accordingly, the company has been on a rapid growth
trajectory, doubling revenues for 6 consecutive quarters, resulting in
400% year-over-year growth.
- Managing 8% of AWS spend globally, Cloudyn has more
than 2,400 customers worldwide, including F500 industry leaders in aerospace,
infrastructure, consumer online travel services, IT management consulting,
and manufacturing.
Cloudyn's
CEO, Sharon Wagner, commented, "This investment enables us to raise the
industry bar in how our customers can get the most effective cloud performance
and consumer cloud services. We're committed to providing our customers much
deeper visibility into how they can achieve optimal operational performance and
maximize their cloud investments - regardless of whatever platform or mix of
platforms they choose to adopt."
"RDSeed places a huge premium on teams. Cloudyn has a tremendous team that has
the vision, passion, technical expertise and ability to execute in order to
continue accelerating growth. We're pleased to increase our investment in
Cloudyn as they continue growing their customer base and extending their
product footprint and leadership," said Nimrod May, Managing Director at
RDSeed.
Cloudyn has also recently won a string of industry awards for its achievements
as the leading solution for cloud monitoring and optimization. New industry
accolades include:
- CRN 2014 Emerging Vendor
- Cloud World Forum's Cloud World Series 2014, "Best
Cloud Service"
- Stevie Award 2014, Best New Product or Service of the
Year: Software - Cloud Application/Service Category, Bronze award, Cloudyn
for Multi-Cloud