BitTitan, a Kirkland, Wash.-based provider of a cloud services enablement platform, closed a $15m Series A financing.
The round was led by TVC Capital, with participation from Tao Capital Partners. In conjunction with the funding, Steve Hamerslag, managing partner at TVC Capital, will join BitTitan’s board of directors.
The company intends to use the funds to further consolidate its market position and augment its MSPComplete platform with more managed services automation capabilities, and to expand into new geographic markets.
Founded in 2007 by Geeman Yip, CEO, BitTitan modernizes cloud service delivery with its flagship offering MSPComplete, which allows IT service providers to sell more to sell more Office 365, Azure and complementary cloud services, onboard customers to the cloud, and create reoccurring revenue.
The company, which supports many cloud ecosystems including Microsoft, Amazon AWS, Google Cloud, and Dropbox, partners with more than 7,000 managed service providers (MSPs), systems integrators (SIs), and distributors including Ingram Micro, Tech Data, HP, IBM, Avanade, Rackspace, New Signature, Softbank, and SADA Systems.
BitTitan has an office in Singapore.