Cloudyn, the leading solution for cloud monitoring and optimization, today announced it has secured its first institutional round of financing in the amount of $4 million dollars. This investment brings its total funding to $5.5 million to date. The funding round was led by Titanium Investments, with existing investors RDSeed also participating. Cloudyn will channel its new funding to support more cloud computing infrastructure platforms and enhance its flagship offering for the myriad of companies taking advantage of hybrid and multi-clouds.
In addition to its new funding, Cloudyn announced that Alexander Aivazov, Managing Partner of Titanium Investments, joined the company's board of directors, bringing the board to 4 members.
'Our investment underscores Cloudyn's platform that has seen strong growth. The company is experiencing tremendous market momentum, and its rapid adoption by many world-class, industry-leading companies validates the value it is delivering to customers,' said Alexander Aivazov of Titanium Investments. 'I look forward to joining the board and working with Sharon and the executive team.'
Cloudyn's investment comes on the heels of strong uptake of its cloud monitoring and optimization platform that delivers unparalleled analytics, enabling customers to proactively identify unnecessary spending, unused resources, and over-provisioned services across public, private, and hybrid clouds.
Over the past year, Cloudyn has led the market, expanding its ability to support a growing number of cloud computing platforms, including Amazon AWS, Google GCE and OpenStack.
Accordingly, the company has been on a rapid growth trajectory, doubling revenues for 6 consecutive quarters, resulting in 400% year-over-year growth.
Managing 8% of AWS spend globally, Cloudyn has more than 2,400 customers worldwide, including F500 industry leaders in aerospace, infrastructure, consumer online travel services, IT management consulting, and manufacturing.
Cloudyn's CEO, Sharon Wagner, commented, 'This investment enables us to raise the industry bar in how our customers can get the most effective cloud performance and consumer cloud services. We're committed to providing our customers much deeper visibility into how they can achieve optimal operational performance and maximize their cloud investments - regardless of whatever platform or mix of platforms they choose to adopt.'
'RDSeed places a huge premium on teams. Cloudyn has a tremendous team that has the vision, passion, technical expertise and ability to execute in order to continue accelerating growth. We're pleased to increase our investment in Cloudyn as they continue growing their customer base and extending their product footprint and leadership,' said Nimrod May, Managing Director at RDSeed.
Cloudyn has also recently won a string of industry awards for its achievements as the leading solution for cloud monitoring and optimization. New industry accolades include:
CRN 2014 Emerging Vendor
Cloud World Forum's Cloud World Series 2014, 'Best Cloud Service'
Stevie Award 2014, Best New Product or Service of the Year: Software - Cloud Application/Service Category, Bronze award, Cloudyn for Multi-Cloud
About Titanium Investments
Founded in 2013, Titanium Investments is a venture firm that invests in high-tech companies in various stages, with emphasis on cloud-based technology, in industries such as advertising technologies, financial technologies and consumer applications. The investment firm has a strong business network that they use, along with their experience, to help invested companies realize their full potential. Currently financing nine fast-growing companies, Titanium plans to invest more than $47,000,000 by 2016.
About RDSeed
Based in Tel Aviv, RDSeed invests early-stage digital ventures. The venture firm focuses on cloud-based technologies, IT, web and mobile apps, e-commerce, among other segments. RDSeed helps startups grow and succeed by leveraging its extensive in-house capabilities, providing startups with all of their needs. With RDSeed, startups benefit from the largest R&D center in Israel (Rafael), a first-rate financial and legal team (Elron), and a cool, creative and engaged management team to help them get to market.
About Cloudyn
Founded in 2011, Cloudyn is the leader in cloud monitoring and optimization. The company's industry award-winning SaaS solution delivers unprecedented insights into usage, performance and cost, coupled with custom prescriptive actions for enhancing performance and reducing cloud spend. With more than 12,000,000 virtual instances monitored, Cloudyn helps businesses select the right mix of cloud vendors, increase operational performance, reduce cloud costs to bring them under optimum control, and capitalize on customer choice. More than 2,400 customers use Cloudyn's technology worldwide including F500 industry leaders in aerospace, infrastructure, consumer online travel services, IT management consulting, and manufacturing. For more information, interested parties may visit http://www.cloudyn.com.