CloudRail Raises €540K in Seed Funding

CloudRail_LogoCloudRail, a Mannheim, Germany-based provider of interoperability solutions, raised €540k in seed funding.

Backers included Leonardo Venture, Beteiligungsfonds Wirtschaftsförderung Mannheim GmbH (BWM GmbH), and other unnamed business angels.

The company intends to use the funds to expand its existing technology.

Founded in 2013, CloudRail provides products and solutions that allow software developers to build applications that interoperate with any type of data provider without wasting time for integrations. The company, which also has an office in San Francisco, CA, provides an API that allows them to connect to multiple cloud services or devices with the system managing all conversions between the different communication standards automatically.
It officially launched an initial Cloud Storage focused interoperability solution in December 2014 and users can download it for free from www.CloudRail.com. There is also a premium version of the product for larger environments available.

FinSMEs

14/01/2015

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