Taking the Cloud to New Heights
As more companies look to leverage services and platforms that are in the cloud, it should come as little to no surprise that brands which provide these services and platforms are seeing an increased interest from investors.
BetterCloud, a company that provides critical insights, automated management and intelligent data security for cloud platforms, has announced the results of its latest round of funding in which the company raised $25 million.
The latest round of funding, led by new investor Accel, brings BetterCloud’s total funding to $47 million. The company, which recently released an offering for the Microsoft Office 365 market titled “BetterCloud for Office 365,” states the new investment will be used to expand its sales and marketing departments as well as deepen its integration with Microsoft Office 365 applications and broaden its platforms functionality.
"The transition from on-premise applications to the cloud represents the most significant trend in enterprise productivity – BetterCloud has become a catalyst for this transition by enabling IT departments to easily deploy and manage Google Apps and Office 365,” said Arun Mathew of Accel. “The company has achieved tremendous distribution, support and technical scale, giving them a unique and deep understanding of customers' needs and direction of the market."