Investors dive into cloud computing
As cloud computing becomes a near-ubiquitous aspect of global commerce, the investment community will continue to seek paths that can boost its financial and strategic involvement. This trend is affirmed with two major funding announcements from a pair of cloud operators – Threat Stack, a provider of cloud security solutions, and Melbourne, Australia-based Panviva, which offers cloud-based software for business guidance.
Threat Stack seeks expanded audience
In an effort to grow its commercial footprint and further develop its infrastructure, Threat Stack has raised an additional $5 million in funding from Atlas Venture and .406 Ventures.
The company, which is based in Cambridge, Massachusetts, acknowledges the increased possibility of data breaches as cloud computing becomes more universal. The business focuses on the visibility gap when it comes to hacking, which it believes is a shared responsibility between cloud service providers and their clients.
Threat Stack formally launched its business in November during a keynote address from Dr. Werner Vogels, chief technology officer for Amazon, at the AWS re:Invent conference. The debut followed a successful, heavily-subscribed beta program.
"Our investors share our vision and excitement for the way we're addressing security challenges in the cloud," said Threat Stack CEO Doug Cahill. "This latest round of funding demonstrates the support and confidence they have in the Threat Stack Team as we make our move to expand and grab market share."
Telstra Finalizes Minority Equity Investment in Panviva
Panviva announced the completion of a raise from Telstra Ventures, an Australian investment firm. The company did not disclose a precise figure. The investment will support product development, sales efforts and marketing capabilities.
"We believe the addition of Panviva to our cloud and services portfolio will add value for our customers both locally and internationally and is in line with our commitment to expand our cloud services, offering our customers choice and flexibility," said Michelle Bendschneider, Telstra's executive director of global solutions.
These kinds of cloud-based companies will continue to evolve and devise new technologies as the business world gradually integrates these tools into their daily operations. In the meantime, the investments for Threat Stack and Panviva can serve as a blueprint for like-minded operations. Investors of both early stage companies and more developed outfits are interested in becoming a part of the future of commerce. Sometimes they will seek a percentage of equity. They will often serve in an advisory role. However, for businesses with a fully-formed idea, the financial resources may be the most valuable resource.