Blue Box, a Seattle-based provider of on-demand, OpenStack-powered private cloud as-a-service (PCaaS) solutions, has completed its Series B financing, bringing the total financing of this round to $14 million.
With this financing, Blue Box will further build on its momentum and fuel continued product innovation. The company will invest in several key areas including adding additional talent on its engineering, sales and marketing, and business development teams, scaling its sales and marketing programs, and expanding its channel program.
U.S. Telco
The round was completed with the addition of a U.S. telecommunications provider who entered the round as the company’s second strategic investor. In addition to the strategic investment, the companies plan to enter into a partnership to deliver Blue Box Cloud, and other cloud services powered by Blue Box technology, to the telco’s customers.
Additional investors in the B round include Voyager Capital and Founders Collective, an earlier announced strategic investor, and the Blue Box executive team.
The Series B follows the company’s announcement in May 2014 of general availability of Blue Box Cloud, a private cloud as-a-service (PCaaS) offering. Since the release of Blue Box Cloud, the company would have gained significant deployments and market validation along with positive reviews from industry analysts.
“We are very excited that Blue Box Cloud has quickly been accepted as a leading PCaaS offering in the marketplace.” said Matthew Schiltz, CEO of Blue Box. “The combination of our unique IP and true operating experience makes it possible for Blue Box to deliver consistent, reliable, efficient and agile private cloud infrastructure as a service directly and through channel partners, and it’s that model we’re moving to implement in 2015 with our partners.”
