Business, Investments

SaaS Startup CloudPhysics Raises USD 15M in Series C

SaaS-based data management platform, CloudPhysics has secured USD 15 million series C to continue their existing business operations. The investment was led by Jafco Ventures, Kleiner Perkins Caufield & Byers and Mayfield Fund.

Recently, the firm had received two round of investments viz. Series A (USD 2.5M, 2012) and Series B (USD 10M, 2013). It brings their total capital to USD 27.5 million.

CloudPhysics also confirmed the release of newest version of the CloudPhysics platform, which troubleshoots storage problems in a virtualized network. “IT Ops teams managing virtualized infrastructures face a continuous onslaught of allegations that something is slow and that it is their fault. It turns out in more than 90% of the cases where the infrastructure actually is at fault, the culprit is storage,” said Bernd Harzog, Analyst, The Virtualization Practice.

The company was founded in 2011, as a venture of CEO & Co-Founder John Blumenthal. The firm collects data from its entire network of customers to build a big-data collection of information and presenting in a visual manner.

“This is an very exciting time for CloudPhysics as it brings to market a fundamentally new approach to IT operations management,” said Jeb Miller, General Partner at Jafco Ventures and CloudPhysics board member. “Through Big Data analytics, CloudPhysics is shifting the focus of infrastructure management from reactive to predictive, enabling more intelligent and cost-effective IT. Jafco Ventures didn’t want to miss this opportunity to invest in CloudPhysics and its vision, and we’re excited to bring the full range of Jafco’s resources into the mix to help the company ramp in the market.”

Also Read: Thoughtspot raises USD 30 million in Series B

More from Company’s blog: With this new raised funding we shall be doubling down on storage − solving some of the most difficult and timeless storage management problems in performance troubleshooting and capacity. Our new storage analytics launched today are the red pill; they’ll show you the reality of the infrastructure you’ve constructed and in which you operate – with the data, insights, and direction you need to proactively command it.

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