CloudByte Raises $4M in Series B Funding

Funding Rounds

▤ Summary

CloudByte, a Campbell, Calif.-based cloud service provider, raised $4m in Series B funding.In conjunction with the funding, Raul Rai, managing director with Fidelity Growth Partners India, joined CloudByte’s board.The company, which has now raised $6.1 million in total funding, having closed a $2.1 million Series A round in June 2012 (read here), intends to use the funds to expand global sales and marketing in addition to product development.Led by CEO Greg Goelz, CloudByte provides a service that allows providers and enterprises to build private clouds to host performance applications.Its ElastiStor has been verified to work with technology platforms including VMware ESXi, Citrix XenServer, and Citrix CloudPlatform, and is now integrated with OpenStack block storage Cinder.

$ Funding

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Amount $4.0M Total raised
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Date June 18, 2013 Announcement date
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Investors Kae Capital, Eight Roads Ventures Lead investors
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Company http://www.cloudbyte.com Funded company

▥ Classifications

industries
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applications
Networking and Cloud

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▦ Linked Companies

CloudByte
$1M to $5M