Enterprise collaboration software vendor Huddle today announced the finalization of $51M in Series D funding. The funding will be used to consolidate Huddle’s leadership in the enterprise collaboration space by accelerating its product developing and sales operations in the U.S. and Europe. Today’s funding raise was led by Zouk Capital with additional participation from Hermes GP Environmental Innovation fund and existing investors Matrix Partners, Jafco Ventures, DAG Ventures and Eden Ventures. As a result of the capital raise, Nathan Medlock of Zouk Capital will join Huddle’s board of directors.
Huddle is an enterprise collaboration software vendor that delivers a solution for enterprises marked by functionality that enables enterprises to expeditiously deploy collaboration solutions for internal teams as well as between corporate teams and vendors. The platform features the ability to configure workspaces defined by role-based access privileges, elicit input and approvals from team members, freeze documents at different stages in their evolution and leverage dashboards marked by user-specific reminders, alerts and notifications as illustrated below:
Whereas many collaboration platforms are dominated by cloud-based storage and sharing functionality, Huddle focuses on delivering the collaborative functionality required for teams to productively interact in the service of the completion of deliverables and long-range projects. Team members receive updates on contributions by fellow collaborators in a space that prioritizes tasks and activities. Moreover, Huddle differentiates in the enterprise collaboration space with a secure cloud platform that empowers enterprises to connect corporate and satellite offices, as well as their partner and vendor ecosystem. The company’s success in adding four U.S. federal agencies to its roster of customers in addition to NASA, UK government agencies, the NHS and the Government of Greenland testifies to the platform’s enterprise-grade security, compliance and auditing functionality.
Alastair Mitchell, CEO of Huddle, remarked on the significance of Huddle’s positioning within the larger enterprise collaboration space as follows:
We’ve seen the content collaboration market come of age over the last year, with enterprises and governments now replacing legacy software at scale and embracing this new way of working. There has also been an increasing trend away from simple cloud storage. It has become a low-value commodity and simply replicates the age-old problem of content getting lost and siloed on shared drives with a new one – content now just gets forgotten about in the cloud. Instead, business managers have realized that secure collaboration workspaces that enable teams within and across the firewall to work together on content is where the real value now lies.
Here, Mitchell remarks on the way in which Huddle enriches simple cloud storage with “secure collaboration workspaces” that transform the way in which teams work together. Huddle replaces email collaboration with a suite of functionalities that promises to bring the power of collaboration software to the enterprise. Current customers include Grant Thornton, Baker Tilly International, National Grid, P&G and Driscoll’s and Panasonic Europe. As told to Cloud Computing Today in an interview with Huddle’s CEO, Alastair Mitchell, today’s round of funding provides the fuel to dramatically scale out Huddle’s operations after the company’s impressive traction to date in both the government and private sector. Competitors such as Box, Dropbox, Teambox and Amazon Zocalo stand to take note of the capital raise as Huddle continues to expand its traction amongst enterprise and government customers in the U.S. and Europe.