CloudCheckr Secures $50 Million Series A From Level Equity

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CloudCheckr Secures $50 Million Sequence A From Diploma Equity

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Funding to hurry up progress, innovation and world enlargement of the principle cloud administration platform

ROCHESTER, N.Y.–(BUSINESS WIRE)–March 20, 2017–

CloudCheckr, the principle cloud administration platform, launched at current that it has raised $50 million in institutional funding from Diploma Equity. The funding spherical will enhance an already worthwhile enterprise that has tripled in each of the ultimate three years. CloudCheckr will use the funds to bolster its market-leading platform for up to date enterprises, authorities companies and managed service suppliers who demand a full and scalable multi-cloud administration platform that satisfies worth, security, utilization and compliance concerns.

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“Cloud management is a highly complex but increasingly mainstream issue – especially for the forward-looking enterprises who are leading the public cloud revolution,” talked about Aaron Newman, CEO and Co-Founder at CloudCheckr. “We have had an astonishing amount of interest in our business as it has continued to scale quickly and profitably and were very deliberate in our timing and choice to bring on an institutional investment partner that would help accelerate our lead in this exciting marketplace. Level’s investment is validation of the pressing need to get visibility and control of exploding cloud environments and we’re excited to keep building, innovating and giving organizations the tools they need to go fast at scale.”

“We’re thrilled to be partnered with Aaron and the whole CloudCheckr team,” talked about Benjamin Levin, Founder and Affiliate at Diploma Equity. “It is rare to see a profitable, bootstrapped business with this scale and growth trajectory in a market of this size where most of the competitors have raised gobs of venture capital. We were attracted to CloudCheckr’s track record of rapid, profitable, and bootstrapped growth as well as deep technology leadership and the immense opportunity that exists to deliver sophisticated, unified cloud management for complex enterprises across the globe.”

The Sequence A financing builds on an distinctive 12 months for CloudCheckr which seen a rapidly rising roster of customers, key authorities appointments, and market momentum throughout the white-hot areas of worth administration, cybersecurity and cloud automation. CloudCheckr in the meanwhile suppliers over 150 AWS and Azure licensed resellers and provides help to nearly 40% of all AWS Premier Consulting Companions. Inside the ultimate 12 months, CloudCheckr seen its direct shopper roster develop to deal with over $1B+ in cloud spend for essential enterprises just like Nasdaq, Siemens, and Regeneron, was honored as a Rochester Prime Workplace by the D&C, and added wonderful commerce veterans and specialists to the company’s authorities ranks.

About CloudCheckr

Authorities organizations and Worldwide 2000 enterprises perception CloudCheckr to unify their native AWS data to ship basically probably the most sturdy cloud administration platform in at current’s market. CloudCheckr helps purchasers save on frequent of 30% on their month-to-month AWS spend. CloudCheckr helps organizations be further surroundings pleasant and protected throughout the cloud whereas saving money by the use of worth administration, security & compliance and cloud automation. By unifying DevOps, Security and Finance teams throughout the cloud, purchasers assure they keep their cloud in look at. Get started at cloudcheckr.com/getstarted.

About Diploma Equity

Primarily based in New York, NY, Diploma Equity is a progress equity company centered on providing capital to rapidly rising software program program and net companies. The company manages over $850 million all through a sequence of long term devoted funding partnerships. Principals at Diploma Equity have invested in 61 experience firms over the earlier 20 years. For further particulars about Diploma Equity, go to levelequity.com.

View provide mannequin on businesswire.com: http://www.businesswire.com/news/home/20170320005239/en/

CloudCheckr
Steve Hall, 503-260-7752
steve.hall@cloudcheckr.com