Funding will fuel growth and accelerate product development, support for new cloud technologies, and go-to-market operations to meet increasing customer demand.
MCLEAN, VA, April 15, 2014 — DivvyCloud, enabling today’s hybrid and multi-cloud strategies with its Cloud Management Platform, announced today it has closed on $900,000 first round of funding. Investors include CIT GAP Funds, Core Capital Partners, Acceleprise and New Dominion Angels, among other investors. DivvyCloud will use the funds to continue to expand the product feature set, private and public cloud support, and meet increasing customer demand.
DivvyCloud’s platform allows users to view and manage all public/private cloud instances – regardless of the underlying cloud technology or service – through a single pane of glass. “We see DivvyCloud adding significant value by providing clarity to what can often be a muddled cloud infrastructure,” said CIT GAP’s Dan Henderson. “We see potential for this solution to benefit a variety of customers ranging from cloud service providers to small online businesses to large enterprises as they pursue secure, agile and cost-efficient cloud strategies.”
DivvyCloud Co-Founder and CEO Brian Johnson said he and his team are pursuing a product vision based on their experiences managing hybrid and multi-cloud environments at Electronic Arts, the $3.8B leader in online gaming. “We designed and built a product to handle the complexity we faced in the day-to-day management of over 5,000 servers in five countries to support millions of paying subscribers. DivvyCloud simplifies the process of managing cloud resources, and allows our customers to focus on what makes their business great.”
Core Capital’s Evan MacQueen expressed enthusiasm for the investment, saying, “Hybrid / Multi-cloud strategies will become best practice, and DivvyCloud is perfectly positioned to help businesses exploit the dynamic market for cloud computing to meet their business goals.” As part of the transaction, Bill Boyle, founder and former CEO of FiberGate, will join the DivvyCloud board of directors.
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