Monday, December 14, 2015

Cloudyn Raises $11 Million for Hybrid Cloud Monitoring

Cloudyn, a start-up based in Israel, raised $11 million in Series B funding for its hybrid, multi-cloud monitoring and optimization solutions.

Cloudyn's SaaS solution delivers insights into usage, performance and cost, coupled with actionable recommendations for optimizing performance and streamlining clouds for growth. The company said its tools help businesses select the right mix of cloud vendors (AWS, MS Azure, Google Cloud Platform and OpenStack), and enables "SmartSizing" of their cloud resources for maximum operational performance and control.

Currently monitoring more than 200,000 virtual machines and over 12,000 concurrent applications, Cloudyn will use the proceeds to further its market share and brand, as well as continue advancing first-to-market solutions to ensure customer delight.

The funding was led by Carmel Ventures, a member of the Viola Group, with participation of previous investors, Titanium Investments and RDSeed [a collaboration of Rafael and Elron Electronics (ELRNF)]. The company also announced that Ronen Nir, General Partner at Carmel, will join its Board of Directors.

“Cloudyn has been at the forefront of cloud monitoring and optimization for public and more recently, private cloud,” said Sharon Wagner, CEO of Cloudyn. “We have a superb team, disruptive technology, an ongoing commitment to product innovation, and it’s getting noticed,” he noted. “The funding will allow us to build on this momentum and increase our market share in North America and global markets.”

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