BetterCloud, a NYC-based provider of critical insights, automated management and intelligent data security for cloud office platforms, raised $25m in funding.
The round, which brought total funding to $47m, was led by new investor Accel Partners with participation from all existing investors including Flybridge Capital Partners, Greycroft Partners through its new Greycroft Growth Fund, Tribeca Venture Partners, New Amsterdam Growth Capital and Millennium Technology Value Partners.
The company intends to use the funds to expand sales and marketing, accelerate development to deepen integration with cloud office applications and broaden platform functionality.
Led by David Politis, CEO. and Michael Tweddle, chief strategy officer, BetterCloud provides critical insights, automated management, and intelligent data security for cloud office platforms to IT teams in over 50,000 organizations. 32 million users manage, secure and report on Google Apps and Microsoft Office 365 instances through the company’s platform.
BetterCloud also has engineering offices in Atlanta, GA.