10 Cloud Computing-Related Firms That Raised Funding In The Past Month
These 10 cloud-related companies all secured investments ranging from $1.5 million to $160 million in the last month to help spur their growth.
Faction Lands VC Round For VMware-On-AWS Growth
Faction, a Denver managed service provider for VMware Cloud on AWS, received $14 million in equity financing to push enterprise adoption of its multi-cloud storage and managed services.
Faction said it will use the financing to broaden its hybrid disaster recovery-as-a-service across public clouds, enable multi-cloud storage via deeper integrations with its Faction Cloud Control Volumes, and expand its data center footprint and VMware-Cloud-on-AWS availability zones.
“The need for high-performance and scale-out storage that can expand with customers’ needs across clouds including Azure, AWS, Google Compute Engine and VMware Cloud on AWS is only going to increase,” Faction founder and CEO Luke Norris said in a statement. “This investment will enable us to reach more customers faster with an even stronger portfolio of managed multi-cloud solutions.”
Dell Technologies Capital led the investment round with contributions from River Cities Capital Funds, Sweetwater Capital, Meritage Funds and Charterhouse Strategic Partners.
Faction also secured new debt financing from Orix Growth Capital.