The cloud automation and cost management platform provider DivvyCloud has secured $6 million in Series A Funding with the latest funding round led by RTP Ventures. The Arlington, VA-based company plans to use the funding to accelerate development of its cloud infrastructure governance and security platform and scale up its sales and marketing operations.
DivvyCloud was formed in 2012 by co-founders Brian Johnson and Chris DeRanus, who had previously been kept busy moving Electronic Arts products to the cloud. For the previous two years the pair had been attempting to manage 5,000 cloud servers spread across five countries and had grown frustrated by the lack of tools offering a consolidated view of multiple public and private clouds and a dearth of options for automating cloud resources.
DivvyCloud was formed to provide those services and help companies transition to the cloud and manage increasingly complex hybrid-cloud environments. The company began working on a flexible, extensible, open framework that includes a policy enforcement mechanism for modern hybrid cloud deployments for businesses in high need verticals. The platform developed by DivvyCloud incorporates invaluable tools that help businesses achieve their cloud computing goals while simplifying security, compliance, management, and cost optimization.
The company has already attracted large firms such as General Electric, Fannie Mae, and Discovery Communications who use the platform to manage complex cloud environments, while keeping tight control of cloud costs.
“Cloud computing is a dynamic and fast-changing space and this new funding enables us to expand our reach in serving the needs of enterprises large and small struggling to manage their cloud infrastructures,” said Brian Johnson, CEO of DivvyCloud.
The experience of RTP Ventures in the Software-as-a-Service arena will be invaluable for DivvyCloud, which plans to use the funding and expertise of RTP Ventures to accelerate product development and growth.