Investors pouring millions into the cloud sector
The investment community can usually serve as a good barometer of industries that are trending upward. Of course, it goes both ways. When you haven't read about funding for a certain company or industry, that usually means the well is drying up. That said, few sectors are populating the financial pages more often than cloud computing.
A growing number of business leaders across the globe are recognizing the benefits of the cloud and how it can streamline operations. Venture capitalists have responded accordingly. Meanwhile, the vitality of the cloud sector has created a wide range of employment opportunities for tech engineers and IT managers.
CloudBees lures $23.5 million in financing round
CloudBees, Inc., a cloud service provider based in Los Altos, California, recently announced that it has raised $23.5 million in a financing round led by Lightspeed Venture Partners, a longtime partner with the company. Existing investors Matrix Partners, Blue Cloud Ventures and Verizon Ventures also contributed to the raise.
"This investment in CloudBees tops a year of continuous growth and acceleration, fueled by the adoption of continuous delivery as companies in all markets realize that software is eating the world," said Sacha Labourey, the founder and chief executive officer of CloudBees. "We will use the additional capital to serve the growing demand for Jenkins-based solutions worldwide, to continue to capture market share and to further cement our position as the continuous delivery leader."
John Vrionis, a general partner with Lightspeed Venture Partners, said that the CloudBees business is swiftly growing and that his investment firm envisions the potential for a franchise cloud company. This latest investment could serve as a pillar of future expansion.
Beckon secures $13 million in Series B round
Beckon, a provider of marketing intelligence software in San Mateo, California, has raised $13 million to fund its cloud-based marketing efforts, the Silicon Valley Business Journal reported. Beckon works with companies such as Coca-Cola, Microsoft and Converse on easing the IT process by using technologies such as the cloud. The funding could the business expand its reach and further facilitate the IT queries of major marketing groups.
"We're now working daily with CMOs and senior marketing executives from the world's best loved brands," said Beckon CEO Jennifer Zeszut, according to the news outlet. "Our clients are some of the savviest marketers there are, but they're been wrestling with IT for years to get help with omni-channel data management and analytics."