Blue Box Completes Series B Financing
SEATTLE, WA, Provider of on-demand private cloud as a service (PCaaS) solutions has completed its Series B financing.
Blue Box-a Seattle-based provider of on-demand private cloud as a service (PCaaS) solutions-has completed its Series B financing, first announced on October 15, 2014, bringing the total financing of this round to $14 million.
The round was completed with the addition of one of the nation's premier integrated telecommunications providers who entered the round as the company's second strategic investor. In addition to the strategic investment, the companies plan to enter into a partnership to deliver Blue Box Cloud, and other cloud services powered by Blue Box technology, to the telco's customers.
Additional investors in the B round include Voyager Capital and Founders Collective, an earlier announced strategic investor, and the Blue Box executive team.
The Series B follows the company's announcement in May 2014 of general availability of Blue Box Cloud, a private cloud as a service offering. Since the release of Blue Box Cloud, the company has gained significant deployments and market validation along with positive reviews from industry analysts.
With this financing, the company will further build on its momentum and fuel continued product innovation. The company will invest in several key areas including adding additional talent on its engineering, sales and marketing, and business development teams, scaling its successful sales and marketing programs, and expanding its channel program.
'We are very excited that Blue Box Cloud has quickly been accepted as a leading PCaaS offering in the marketplace. The combination of our unique IP and true operating experience makes it possible for Blue Box to deliver consistent, reliable, efficient and agile private cloud infrastructure as a service directly and through channel partners, and it's that model we're moving to implement in 2015 with our partners.'
- Matthew Schiltz, CEO of Blue Box
'VC investment in the OpenStack ecosystem has been vibrant for some time now. What's new is an emerging interest among service providers and other strategic investors who back companies with products built on OpenStack, with an eye toward reselling OpenStack-powered services to their existing customer bases. It's a new milestone in the evolution and maturation of our platform.'
- Jonathan Bryce, executive director, OpenStack Foundation
About Blue Box
Blue Box delivers Private Cloud as a Service (PCaaS) to customers worldwide. The company's technology platform leverages decades of operational expertise in cloud and distributed systems to deliver Blue Box Cloud-a managed, hosted private cloud on dedicated hardware, powered by OpenStack and available and scalable on demand. Blue Box Cloud delivers core benefits of both public and private clouds in one offering. Blue Box meets the control, performance, and security needs of customers in a wide range of industries, including healthcare, financial services, digital media, gaming, technology and retail. Learn more about Seattle-based Blue Box at bluebox.net or find Blue Box on Twitter at @bluebox.
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