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Blue Medora Raises $8.6 Million for Virtualized and Cloud Management Software

Blue Medora, which develops enterprise IT management software, recently closed on an $8.6 million Series B round led by Lewis & Clark Ventures. The new investment will be used to expand channel sales, marketing and hybrid cloud R&D.

Officials from Lewis & Partners out of St. Louis said the Series B is an example of the increased attention being paid to tech companies outside of Silicon Valley. Plus, more money is being funneled to these companies from VCs that aren't in the valley.

[ Read VMblog's Expert Interviews: Blue Medora Talks Oracle OpenWorld and SelectStar ]

Brian Hopcraft, managing director at Lewis & Clark Ventures, explained, "An amazing amount of software innovation is happening at Blue Medora and throughout the Midwest, and we're confident this partnership is going to accelerate Blue Medora's ability to deliver the next breed of IT analytics solutions."

Existing investors eLab Ventures, Start Garden and Grand Angels - and based in Michigan -and VMware also upped their ante, bringing Blue Medora's total capital raised from inception to $14.6 million.

Known for developing extensions for virtualized and application management platforms such as Oracle, IBM, VMware vRealize and New Relic, Blue Medora also recently launched SelectStar, its first SaaS-based solution that unifies databases and cloud infrastructure monitoring.

"Blue Medora is partnering with customers to advance adoption of multi-cloud, multi-database and dev/ops environments that make IT-as-a-service an economic reality," said Blue Medora CEO Nathan Owen. "We are excited to work with a bold and innovative team of strategic partners to help us expand our global reach and enable any enterprise to see everything about their IT operations from anywhere."
Published Wednesday, October 12, 2016 8:34 AM by David Marshall
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