CloudHealth Technologies, a Boston, Massachusetts-based company delivering cloud service management solutions, has secured $20 million in Series C funding to build on its continued growth in the cloud service management sector. Leading the round is Sapphire Ventures, a new investor in CloudHealth Technologies.
CloudHealth Technologies will use the latest investment to expand initiatives across all departments, including sales, marketing, engineering, support and customer success. CloudHealth also plans to significantly increase support for all public clouds, private data centers and hybrid environments to meet the demands of its growing list of global enterprise customers.
“We are very impressed with CloudHealth’s leadership, strategy and ability to execute in this rapidly evolving market,” said Jai Das, managing director at Sapphire Ventures. “As the cloud plays an increasingly integral role in enterprise business, companies that can wring the most value out of their cloud resources are going to come out on top. CloudHealth helps its customers do just that, and we look forward to applying our enterprise experience and network to help the company drive growth.”
Sapphire Ventures will join existing investors Scale Venture Partners, .406 Ventures and Sigma Prime Ventures, which also took positions in the Series C round. As part of the round, Jai Das will join CloudHealth’s board of directors.
This latest round of funding brings the total venture investment in CloudHealth Technologies to $40 million, counting the Class A and B investments the company raised from 2013 through 2015.
“Sapphire Ventures has a proven track record of creating global category leaders, which is why we are proud they are leading this round,” said CloudHealth Technologies CEO and co-founder Dan Phillips. “Sapphire engaged with us immediately after we closed our B round and spent the following year learning about our business and culture. During that time, the Sapphire team provided tremendous value to us and aligned very well with our culture. It was an ideal process with a VC in terms of the value and commitment they demonstrated.”