Cloud Elements Raises $25M in Series C Funding
Summary
In conjunction with the funding, Josh Christensen, principal investor at Mercato Partners, joined the Cloud Elements board. Founded in 2012 by Mark Geene, CEO, Cloud Elements is an emerging leader in API integration platforms – allowing hundreds of software companies and large enterprises to innovate faster and integrate their digital ecosystems. The company’s one-to-many “virtualized” integration approach enables developers to unify thousands of APIs, build common data models for core business functions, and reduce the cost and complexity of application and data integration. Its “embedded integration” model focuses on software providers, systems integrators and enterprise customers, allowing them to tap into an established platform with 170+ pre-built integrations, common data models and normalized capabilities for authentication, discovery, search, workflows, error handling and API maintenance. Customers include large software platform companies like SAP and IBM; independent software vendors like Axway, DoubleDutch, FinancialForce, Microstrategy and Sage; financial technology providers such as Danske Bank, FIS, PaySimple and Western Union; and digital business units of large enterprises like Dun & Bradstreet and Xerox.