Cloudyn Secures $4M In Funding For Cloud Monitoring And Optimization Platform

Cloud monitoring and analytics vendor Cloudyn today announced the finalization of $4M in funding in a capital raise led by Titanium Investments with additional participation from existing investor RDSeed. Cloudyn’s cloud monitoring solutions deliver actionable business intelligence that empowers cloud users to optimize the performance of their infrastructures. The funding will be used to accelerate product development and enable its cloud analytics platform to support more cloud infrastructure platforms. The uniqueness of Cloudyn’s platform consists in its ability to perform cloud monitoring across a variety of vendors and infrastructures. Although most cloud vendors provide a monitoring dashboard and user interface in conjunction with their IaaS platform, Cloudyn’s value proposition rests on its ability to provide cloud monitoring across multiple vendors and environments that include private, public and hybrid infrastructures. Currently supported cloud platforms include Amazon Web Services, Google Compute Engine and OpenStack as illustrated by the graphic below:

The screenshot above provides a comparison of OpenStack, GCE and AWS costs for a customer that has chosen to use all three vendors. As told to Cloud Computing Today in a phone interview with Cloudyn’s CEO Sharon Wagner, Microsoft Azure and VMware represent key priorities for integration into Cloudyn’s monitoring and optimization platform based on customer interest and feedback. To date, Cloudyn monitors 8% of customer expense on AWS in addition to year over year revenue growth in excess of 400%, and a doubling of revenue for six consecutive quarters. Today’s funding raise brings the total capital raised by Cloudyn to $5.3M. With an extra $4M in the bank, expect Cloudyn to expand its 2400+ customer base significantly, particularly if it manages to notably expand its range of supported IaaS platforms.

Note: Data in the above screenshot does not represent an actual comparison of OpenStack, AWS and GCE costs and should be understood as sample data only. 

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