Pelion Venture Partners

CloudVelocity Releases One Hybrid Cloud software; Raises $13 Million in Series B Funding

CloudVelocity today announced release of  its One Hybrid Cloud software  that enables enterprises to accelerate cloud adoption and  makes AWS a secure and seamless extension of enterprise data centers. CloudVelocity has also  announced  that it has closed $13 million in Series B funding, bringing the total raised to $18 million, in a funding round  led by Third Point Ventures, along with the participation of Pelion Venture Partners and previous investor Mayfield Fund. “We are excited to have Third Point Ventures and Pelion Venture Partners join Mayfield Fund as investors, as we work together to address the massive market opportunity in enterprise cloud computing,” said Rajeev Chawla, Chief Executive Officer, CloudVelocity. With today’s launch of One Hybrid Cloud, we are significantly reduc...

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