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CloudCoreo Raises $2.9M Seed Round

2016-10-12
SEATTLE, WA, Next-generation solution for managing and securing cloud infrastructure, today announced that it completed a $2.9 million Series Seed round of funding.
CloudCoreo, a next-generation solution for managing and securing cloud infrastructure, today announced that it completed a $2.9 million Series Seed round of funding, led by Madrona Venture Group, with participation from Divergent Ventures, Aristos Ventures, and Data Collective (DCVC).

The CloudCoreo founders are industry cloud veterans and serial entrepreneurs Tom Hull (CEO), Paul Allen (CTO) and Jason Needham (CMO). Hull and Needham previously founded Union Bay Networks, an advanced cloud networking and security company, which was successfully acquired. Prior to Union Bay, Hull and Needham were senior executives at F5 Networks, whose BIG-IP product line powers the largest enterprise data centers today. Allen has worked in DevOps for over eight years and, before founding CloudCoreo, led companies such as Convio and Blackbaud's early adoption of AWS.

'Cloud adoption is continuing to change the IT landscape, but there is a tremendous amount of difficulty and pain related to operating in this new world,' said Tom Hull, CEO of CloudCoreo. 'Our goal at CloudCoreo is to enable enterprise customers to easily deploy, manage and secure world-class cloud applications, wherever they may be.'

The company will use the funds to build out product development and is actively recruiting software and DevOps engineers. CloudCoreo will drive an entirely new level of agility and control for cloud native, multi-cloud and hybrid-cloud applications.

'As the cloud infrastructure world embraces microservices, serverless computing and containers to build and deploy at-scale distributed services, a comprehensive DevOps solution that enables companies to control the entire cloud stack is a must-have solution,' said Soma Somasegar, Venture Partner at Madrona. 'CloudCoreo is doing just that and has already proven itself to be an invaluable product for many of its early customers.' As part of the financing Somasegar will be joining the CloudCoreo Board of Directors.

About CloudCoreo

CloudCoreo is currently in stealth mode. The company is headquartered in Seattle's South Lake Union district, the cloud computing center of the world.
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