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Cloud optimization co Cloudyn raises $4m [Globes, Tel Aviv, Israel]
[September 15, 2014]

Cloud optimization co Cloudyn raises $4m [Globes, Tel Aviv, Israel]


(Globes (Tel Aviv) Via Acquire Media NewsEdge) Sept. 15--Israeli cloud monitoring and optimization start-up Cloudyn has raised $4 million dollars in a Series A financing round. This investment brings Cloudyn's total funding to $5.5 million to date. The funding round was led by Titanium Investments, with existing investors RDSeed also participating.



Cloudyn will use the proceeds to support more cloud computing infrastructure platforms and enhance its flagship offering for companies using hybrid and multi-clouds.

Cloudyn also announced that Titanium Investments Managing Partner Alexander Aivazov has joined its board of directors.


Aivazov said, "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." Cloudyn's cloud monitoring and optimization platform that delivers analytics that allow customers to proactively identify unnecessary spending, unused resources, and over-provisioned services across public, private, and hybrid clouds.

Over the past year, Cloudyn has expanded its ability to support a growing number of cloud computing platforms, including Amazon AWS, Google GCE and OpenStack. Revenue has doubled 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 CEO Sharon Wagner said, "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." ___ (c)2014 the Globes (Tel Aviv, Israel) Visit the Globes (Tel Aviv, Israel) at www.globes.co.il/serveen/globes/nodeview.asp?fid=942 Distributed by MCT Information Services

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