YellowDog, a Bristol, UK-based provider of cloud compute orchestration technology to entertainment studios and financial services firms, secured £2.5m in additional funding.
The round was led by Bloc Ventures, an investment company founded by industry veterans from ARM Holdings and Vodafone. In addition to the funding, Reid Downey joined YellowDog’s Board of Directors.
Reid Downey is an experienced senior executive in the international enterprise software sales market, including a decade at Microsoft leading software and cloud enterprise sales of Microsoft Azure and Office365 to Fortune 500 companies. His experience will add additional depth and insights to YellowDog’s board as the company accelerates its global sales expansion with existing and new customers, particularly in the US.
The company intends to use the funds to increase the scale of its current rendering business and to further extend its presence in the financial services markets, building on its successful expansion into this market in 2018.
Led by Gareth Williams, CEO, YellowDog provides a Cloud Orchestration and Workload Scheduling platform which uses advanced machine learning (ML) to predict the compute resources needed to execute complex computational workloads.
By harnessing underutilized computer power and multiple clouds, the company’s platform provides accelerated computing, accuracy and speed to organizations that require greater computer power on-demand without fixed investment.
The company has over 1,500 customers in 42 countries, including Media and Entertainment studios, Financial Services and Aerospace organizations.