CloudPhysics Announces $15 Million in Funding From Jafco Ventures, Kleiner Perkins Caufield & Byers and Mayfield
Series C Financing to Fuel Adoption of Predictive Analytics for Virtual Datacenter Management
MOUNTAIN VIEW, Calif., June 24, 2014-- CloudPhysics, who provides predictive analytics for virtual datacenter management, today announced it has secured $15 million in a Series C round of funding, led by venture capital firm Jafco Ventures with participation from the company's existing investors Kleiner Perkins Caufield & Byers and Mayfield. CloudPhysics, who has raised $27.5 million to date, will use the funding to invest further in developing its groundbreaking SaaS solution, which leverages Big Data analytics to enable IT to uncover hidden operational hazards before problems emerge and identifies radical efficiency improvements in virtualized IT operations management. The company will also use the funding to expand go-to-market activities and scale the company's business.
The company today also announced the general availability of Storage Analytics, a new release of its predictive analytics solution that dramatically simplifies the overwhelming complexities of managing storage resources in the virtual datacenter: http://www.cloudphysics.com/press_releases/cloudphysics-releases-storage-analytics-for-virtual-datacenters.
"This is a very exciting time for CloudPhysics as it brings to market a fundamentally new approach to IT operations management," said Jeb Miller, General Partner at Jafco Ventures and CloudPhysics Board Member. "Through Big Data analytics, CloudPhysics is shifting the focus of infrastructure management from reactive to predictive, enabling more intelligent and cost-effective IT. Jafco Ventures didn't want to miss this opportunity to invest in CloudPhysics and its vision, and we're excited to bring the full range of Jafco's resources into the mix to help the company ramp in the market."
CloudPhysics was founded in 2011 with the mission to continuously deliver insights to IT teams for actively managing the dynamics of their virtualized infrastructures. To that end, the company's servers collect a daily stream of more than 140 billion samples of configuration, performance, failure and event data from its global user base, with a total of 50+ billion samples collected to date. This "Collective Intelligence," combined with CloudPhysics' patent-pending data center simulation and unique resource management techniques, empowers enterprise IT to drive Google-like operations excellence, using actionable analytics from a large, relevant, continually refreshed dataset.
"Big Data technology is used by companies across numerous industries to discover new ways to improve operations. Ironically, one industry that is missing from the list is IT itself -- and our vision is to remedy that," said John Blumenthal, CloudPhysics co-founder and CEO. "The new funding will help us accelerate product innovation as well as fuel our sales and marketing efforts, expanding our growing base of users and bringing the power of data-driven decision making to IT admins everywhere."
Since its initial product release at VMware's VMworld 2013, the company has garnered numerous awards and accolades in recognition of its innovation, which include being named a Top 10 Virtualization Company to Watch in 2014 by TechTarget SearchServerVirtualization, a Top 10 Big Data Startup to Watch by Network World and one of the 21 hottest startups by Business Insider. [http://www.cloudphysics.com/company]
•Read CEO John Blumenthal's blog on today's news [http://www.cloudphysics.com/blog/doubling-down-storage-analytics]
•Download CloudPhysics free trial [http://www.cloudphysics.com/free-trial]
•Follow @cloudphysics on Twitter [http://www.twitter.com/cloudphysics]
CloudPhysics provides predictive analytics for virtual datacenters, delivering data-driven insights that enable IT teams to proactively manage their virtualized infrastructures while reducing cost and risk. The company's SaaS-based offering collects machine metadata of virtualized infrastructure and, using Big Data analytics combined with unique patent-pending datacenter simulation and resource management techniques, uncovers hidden operational hazards before problems emerge and identifies radical improvements in resource utilization. CloudPhysics' unique approach to IT operations management gives IT teams more power than ever before to understand, troubleshoot and optimize their virtualized datacenters. The company, based in Mountain View, Calif., serves thousands of users worldwide and is backed by Jafco Ventures, Kleiner Perkins Caufield & Byers and Mayfield. For more information, visit: http://www.cloudphysics.com.
Media and Analyst Contact:
Venture Capital Database