Cloudtamer.io Raises $9.5M Series A to Expand Sales, Engineering Teams
Multi-cloud governance and management company cloudtamer.io recently closed a $9.5 millon Series A funding round. The round was co-led by Blue Heron Capital and TDF Ventures, with participation from Blu Venture Investors, Early Light Ventures and Gaingels.
Cloudtamer.io allows organizations to pull together multiple cloud accounts and services — like Amazon Web Services, Microsoft Azure and Google Cloud — into one, simplified space. The company’s comprehensive solution lets team leads manage and control cloud environments at scale. With tools to automatically enforce rules for all accounts, define and stick to budgets, and prevent and detect non-compliance, cloudtamer.io is an all-in-one solution.
Cloud computing lets teams access files and programs through a hosted service over the internet. Instead of having databases, servers, software, networks and other computing functions located in a physical location, like a hard drive or USB drive, files and programs are hosted by an online service that can be accessed from anywhere.
Most developer teams take a multi-account approach to cloud computing, which leaves teams with a lot of accounts to configure for each project. Having a complex cloud environment can also make it hard to keep track of cloud spending and keep teams on a budget since most cloud services have a pay-as-you-go data storage model.
“Moving to and managing cloud environments is a step that organizations, in both federal and commercial markets, are focusing on right now, and they need a solution that enables them to make better decisions and achieve granular control,” Brian Price, CEO and co-founder of cloudtamer.io, said in a statement. “We are dedicated to helping these organizations optimize their operations to fully leverage all features offered by the cloud.”
Founded in 2018, cloudtamer.io started with eight employees and now has nearly 50. However, the growth doesn’t stop there. The Fulton, Maryland-based company is actively hiring with plans to expand its sales and marketing operations to bring its cloud governance and management solution to more customers.
Following its Series A, cloudtamer.io also hopes to hire more engineers, fuel company growth and develop new capabilities for its product.
In addition to investing financially in cloudtamer.io, Blue Heron Capital will also have a role on the company’s board of directors. Operating Advisor John Becker will join the board alongside ThreatQuotient CFO Lenn Kurtzman. The two industry veterans will be able to offer advice and expertise to help cloudtamer.io grow.