Venture Capital News: Nuon Emerges With $16.5M
2024-12-17
SAN FRANCISCO, CA, Nuon today announced $16.5 million in funding and the early access release of its Bring Your Own Cloud (BYOC) platform.
Nuon enables software companies to deliver SaaS-like experiences directly in customers' cloud accounts-combining the compliance and security of self-hosted solutions with the ease of vendor-hosted software. By meeting demands for data sovereignty, security and compliance, Nuon allows SaaS providers to expand into new customer segments, enhance product capabilities while generating additional revenue streams.
The $16.5 million in funding comes from venture capital firms, M12 (James Wu), Uncork Capital (Andy McLoughlin), Redpoint Ventures (Pat Chase), Alumni Ventures (Meera Oak), Essence VC (Timothy Chen), Mantis VC (Alex Pall), Red Swan Ventures (Sandy Cass) and angel investors Quinn Slack (CEO of SourceGraph), Richie Artoul (co-founder of WarpStream, acquired by Confluent) and Michael Grinich (CEO of WorkOS). This capital will fuel product development, prepare for general availability in early 2025, and drive customer acquisition.
Nuon is a software company revolutionizing how AI, data, and business-critical infrastructure software are deployed with Bring Your Own Cloud (BYOC). Nuon enables SaaS providers to offer BYOC in minutes, dramatically simplifying software management in customer cloud environments, accelerating acquisition, expanding product offerings, and unlocking new revenue streams.
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