San Francisco-based Cloudyn, which helps companies manage their cloud-based systems, has raised $4 million in Series A funding led by Titanium Investments. Existing investor RDSeed also participated. Cloudyn has now raised $5.5 million in total financing, having raised a seed-stage round in 2011. As part of the latest funding, Alexander Aivazov, managing partner of Titanium, has joined the board.

PRESS RELEASE

Cloudyn Secures $4 Million in First Institutional Round of Funding to Capitalize on Migration to Hybrid and Multi-Cloud Platforms

Investment Endorses Innovative Startup That is Gaining Rapid Traction, Doubling Revenues for 6 Consecutive Quarters

San Francisco, CA, September 15, 2014 – 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

• [Editor:Mango]