Gravitant, an Austin, Texas-based enterprise cloud brokerage and management software company, raised $25m in Series B funding.
The round was led by Cielo Private Equity and existing investor S3 Ventures. In conjunction with the funding, Lisa Harris of Cielo Private Equity joined Gravitant’s board of directors.
The company intends to use the funds to expand its sales and marketing efforts and extend the capabilities of its platform to target new customer segments.
Led by Mohammed Farooq, co-founder and CEO, Gravitant provides cloud brokerage and management software, delivered in a SaaS model. Its cloudMatrix allows users to plan, buy, manage and broker cloud services.