Cloud9 Analytics, a Redwood City, California-based provider of SaaS business analytics for line-of-business managers, has closed its $8m Series C financing.The investment was led by Mayfield Fund, with participation from existing investors InterWest Partners and Leapfrog Ventures.
In conjunction with the funding, Rajeev Batra of Mayfield Fund, joins the company’s board of directors.
Cloud9 provides performance management solutions for the front office, which are focused on automating daily management processes for sales, marketing, service, support and others in the line of business. Customers currently include Covad Communications, Data Domain, Siemens, Thermo-Fisher Scientific, and Thomson Reuters.
According to a press release, the financing will be used to accelerate innovation on the company’s flagship service, Cloud9 Pipeline Accelerator, build out its roadmap for performance management applications for the front office, as well as extend its cloud-based data management automation platform to enable third-party application development.
FinSMEs
18/04/2010