DivvyCloud Secures $6M in Series A Funding Led by RTP Ventures
DivvyCloud software enables enterprise cloud adoption with multi-cloud policy automation to identify and autonomously fix security, cost and compliance issues
Arlington, VA (September 6, 2017) — DivvyCloud, a leading developer of innovative technology to automate and manage cloud infrastructure, today announced that it has received $6,000,000 in equity funding led by RTP Ventures. DivvyCloud will use the funds to scale its sales and marketing operations as well as accelerate development of its cloud infrastructure governance and security platform.
“Large IT organizations embracing the agility and cost-effectiveness of a devops-driven cloud strategy face a dilemma: how can we keep our developer teams agile and productive while maintaining controls our business requires?,” said Kirill Sheynkman, Managing Director of RTP Ventures. “Only a team that experienced these challenges firsthand can come up with a solution. And Divvy nailed it — a flexible, extensible, open framework for creating a policy enforcement mechanism for modern hybrid cloud deployment. DivvyCloud builds complex, technical products led by an experienced team targeting businesses in large, “high need” verticals — that’s RTP’s investment theme and Divvy fits it to a T.”
The value of DivvyCloud software has been proven with enterprise customers like General Electric, Discovery Communications and Fannie Mae, among others. DivvyCloud is differentiated in the market with its native multi-cloud policy automation; its patent-pending data harvesting technology; and its platform-first strategy that allows customers and partners to leverage the DivvyCloud platform to develop their own cloud management solutions and products.
“For two years, DivvyCloud’s automation platform has been a foundational component of our enterprise cloud adoption strategy. DivvyCloud helps to ensure our fast-growing cloud footprint remains secure and cost optimized while helping to integrate cloud into our existing IT operations,” said Dave Duvall, SVP of Infrastructure at Discovery Communications. “The speed at which DivvyCloud innovates and introduces new capabilities helps us stay ahead of problems.”
Product investments will include the expansion of industry specific policy automation, and incorporating new innovative cloud services from AWS, Azure, Google and other leading cloud technologies. DivvyCloud also plans to launch support for container technologies such as Docker later this year allowing automated enforcement of security, cost and compliance across the increasingly complex landscape of virtual cloud infrastructure.
“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. “With RTP Ventures’ deep experience in the SaaS space, their expertise will be invaluable as we take DivvyCloud to the next level.”
DivvyCloud software enables organizations to achieve their cloud computing goals by simplifying and automating security, compliance and cost optimization of public and private cloud infrastructure. Using DivvyCloud, customers can leverage programmatic Bots to identify and remediate common cloud problems in real time. DivvyCloud was founded by seasoned technologists who understand firsthand what is necessary to succeed in today’s fast-changing, multi-cloud world. For more information, visit: www.divvycloud.com.
PR for DivvyCloud