Cloudyn, a Tel Aviv, Israel-based provider of multi-cloud monitoring and optimization solutions, raised $11m in Series B funding.
The round was led by Carmel Ventures with participation from existing investors Titanium Investments and RDSeed. In addition to the funding, Ronen Nir, a general partner at Carmel, joined Cloudyn’s board of directors.
The company intends to use the funds to increase its market share in North America and global markets, its brand, as well as continue advancing its solutions.
Led by Sharon Wagner, CEO, Cloudyn provides SaaS-based hybrid, multi-cloud monitoring and optimization solutions which allow businesses to select the right mix of cloud vendors (AWS, MS Azure, Google Cloud Platform and OpenStack), and intelligently size their cloud resources for optimizaiton and control of operational performance.
Customers include Fortune 500 industry leaders in aerospace, cloud computing, consumer online travel services, management consulting, and manufacturing.