Follow the Money: 10 Recent Tech VC Investments To Watch In September


Electric Cloud

Headquarters: Sunnyvale, Calif.

CEO: Steve Brodie
New Funding: $8 million
Round: Not disclosed
Backers: Siemens' Venture Capital, US Venture Partners, Mayfield Fund, RRE Ventures, Rembrandt Venture Partners

As part of its mission to deliver automated and accelerated software delivery, Electric Cloud has received $8 million to increase market share in the growing DevOps market. The company will use the money to increase marketing, sales and engineering.

"We are living in a 24x7 business world, which needs increasingly shorter delivery cycles to maintain a competitive advantage," said CEO Steve Brodie in a prepared statement. "The latest investment ... will ensure Electric Cloud remains at the forefront of the next phase of the DevOps market growth and maturation -- continuous delivery."

 



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