Announcing Our Series A
A Note from Our CEO:
I'm very excited to announce that we've closed our Series A funding round to help propel the company into the next chapter of our journey. We are thrilled that this round, led by Blue Heron Capital and TDF Ventures, along with support from Blu Venture Investors, Early Light Ventures, and Gaingels, brings such an impressive network of investors and board members to extend cloudtamer.io's reach into new markets and opportunities.
When we started cloudtamer.io in September 2018 we had 8 people and a mission to make the cloud simpler to manage and control for customers. It was complex (and still is) for most organizations to realize the full potential the cloud can offer. Now, our team is approaching 50 incredibly talented professionals who have developed, supported, and brought the most holistic cloud management solution to market. And, in this time, we've grown our solution significantly with new features and capabilities.
In the past three years, we've welcomed many new public sector and commercial customers. These organizations trust us to make their lives easier by automating the major financial and security pain points that introduce unnecessary friction to their cloud experience. While our values won't ever change, this funding will help us turn even more customers into fans and allow us to further expand our team. We are looking forward to introducing even more capabilities to our existing customers and sharing our cloud governance and management solution with new organizations to help mature their cloud operations.
Today is a day to celebrate the customers, partners, and cloudtamer.io team who have helped us get to this major milestone. Thanks for all the support to help us build the product and company into what it is today.
For the details on this round, including more about our new investor partners and board members, here's the press release announcement. (Or, you could check out the coverage from SiliconANGLE, VentureBeat, Axios, Maryland Inno, or Technical.ly!)
And, stay tuned - there's more exciting news to come!
cloudtamer.io Secures $9.5 Million in Series A Funding to Enhance its Automated Cloud Governance and Management Capabilities
cloudtamer.io, the leading automated multi-cloud governance and management solution provider, today announced that it has raised a $9.5 million Series A funding round led by Blue Heron Capital and TDF Ventures, with participation from Blu Venture Investors, Early Light Ventures and Gaingels. This funding will be used to expand its sales and marketing operations as well as its engineering team to fuel company growth and bring enhanced cloud governance and management capabilities to market.
As part of the fundraising round, cloudtamer.io will also add two industry veterans, John Becker, a Blue Heron Capital Operating Advisor and Lenn Kurtzman, to its Board of Directors. With more than 30 years of security, infrastructure, and technology experience, Becker has a proven track record of helping highly successful technology companies accelerate their growth. In addition to serving on multiple boards, he previously served as Chief Executive Officer of Sourcefire, ScienceLogic, and Cybertrust. Kurtzman, who currently serves as the Chief Financial Officer for ThreatQuotient, has an equally successful history as a board member and leader at multiple startups including Avizia, Precise Target, newBrand Analytics, and Approva Corporation.
With the accelerated adoption of the cloud over the past year and a half, the necessity of cloud management solutions has also grown exponentially. Unfortunately, many organizations are still experiencing significant challenges—slow time to value, financial insecurity, and compliance risk—within the cloud. cloudtamer.io helps organizations tackle these challenges and reduce complexity within the cloud by providing a single solution for both cloud governance and management, empowering organizations to easily achieve cost control, security, and compliance within their cloud environments.
“Moving to and managing cloud environments is a step that organizations, in both federal and commercial markets, are focusing on right now, and they need a solution that enables them to make better decisions and achieve granular control,” said Brian Price, CEO and Co-Founder of cloudtamer.io. “We are dedicated to helping these organizations optimize their operations to fully leverage all features offered by the cloud, and we look forward to bringing our capabilities to new commercial sectors, driving growth and innovation within the market.”
“We have witnessed many organizations struggle with cloud adoption and believe cloudtamer.io is best positioned to help them simplify their operations,” said Tom Benedetti, Co-Founder & Managing Partner of Blue Heron Capital. “Unlike other cloud governance solutions on the market, cloudtamer.io’s platform brings data that is scattered across cloud providers into one primary location so that organizations have a centralized view into their cloud usage.”
The cloudtamer.io platform provides effective ways to control costs and more scalable methods to automate compliance within the cloud, reducing complexity and allowing organizations to effectively manage their cloud presence at scale without diluting the full breadth of native cloud capabilities, making the cloud easier to manage and navigate for everyone.
“It’s undeniable that the market for cloud management and security services is growing, and companies are realizing that they need solutions to help them stay in line with their business goals and budget,” said Matt Bressler, Principal at TDF Ventures. “cloudtamer.io has already attracted industry-leading customers in both commercial and federal markets and we expect that to grow in the coming years. We’re looking forward to helping them continue their journey, because we truly believe they are helping organizations to keep moving forward in this new landscape.”
About the author: Brian is the CEO and co-founder at cloudtamer.io.