Cloudyn, a San Francisco, CA-based provider of a cloud monitoring and optimization solution, secured $4m in its first funding round.
The round was led by Titanium Investments, with participation from existing investor RDSeed. In conjunction with the funding, Alexander Aivazov, Managing Partner of Titanium Investments, joined Cloudyn’s board of directors.
The company, which has raised $5.5m in total, intends to use the funds to add support for cloud computing infrastructure platforms and enhance its offering.
Founded in 2011 and led by CEO Sharon Wagner, Cloudyn provides a cloud monitoring and optimization platform which delivers insights into usage, performance and cost, coupled with custom prescriptive actions for enhancing performance and reducing cloud spend. Over the past year, the company has expanded its ability to support a growing number of cloud computing platforms, including Amazon AWS, Google GCE and OpenStack.
It has more than 2,400 customers including F500 industry leaders in aerospace, infrastructure, consumer online travel services, IT management consulting, and manufacturing.