Cloud Computing Startups Raise Big Money: UPDATE 7

Cloud Computing Startups Raise Big Money: UPDATE 7

Cloud Computing Startups Raise Big Money: UPDATE 7

This is the eighth in a continuing series on startups raising funding. You can read the first six in the series here:  Cloud Computing Startups Raise Big Money:  1, 2, 3, 4, 5, 6, 7

Today, there are two startups in focus – Symplified and Tidemark.

Tidemark (http://www.tidemark.net/)

California startup Tidemark, which promises to provide “Enterprise Performance Management Built for the Cloud,” raised $24 million in Series C funding led by Redpoint Ventures, with Greylock Partners, Andreessen Horowitz, and entrepreneur Dave Duffield participating. Earlier, it had raised $6.3 million in Series A and $5 million in Series B rounds.

Tidemark provides cloud-based analytics tools for metrics management, strategic, financial and operational planning, budgeting and forecasting, and profitability modeling. These tools are designed to optimize collaboration and mobile operation.

The world’s largest enterprises are demanding an analytics solution truly built for the cloud. We’re seizing on this extraordinary market opportunity and we are excited to have Redpoint Ventures join our team through a shared vision and passion,” said Christian Gheorghe, founder and CEO of Tidemark. “With this capital, Tidemark will continue to expand its core technology, products and go-to-market capability to deliver innovation and customer success in analytics.”

The next-generation of enterprise applications combine social, mobile, analytics and big data,” commented Geoff Yang, founding partner of Redpoint Ventures. “Tidemark is at the nexus of all of these trends and Redpoint is extremely pleased to make this investment. We look forward to a long-term successful relationship in helping to build the company.”

Symplified (http://www.symplified.com/)

Colorado-based cloud computing startup Symplified, which describes itself as “The Cloud Identity Company,” has just closed a $20 million Series C round of funding led by Ignition Partners, bringing to a total the money raised since its inception in 2006 to $38.8 million. According to Eric Olden, CEO and Founder of Symplified, the funds will be used for marketing and operational expansion.

We developed a purpose-built platform for converged identity management that makes cloud services as secure and manageable as if they were inside the firewall regardless of the location of users, apps, and devices. Unlike retrofitted federation software products being marketed as cloud solutions, Symplified is a pure-play cloud identity service,” Olden said. Symplified offers secure access to SaaS applications like Salesforce, ADP, WebEx, Taleo and Success Factors, and claims 3.8 million subscribers.

Symplified pioneered the market for cloud identity and access management with a cloud delivered service that goes beyond single sign-on and is accessible to any sized organization. We were impressed by the company’s founders and their track record of innovation in the identity and access management space. First in Web access management, then in identity federation and now in cloud and mobile access management. Symplified is at the forefront of an enormous market opportunity to secure and manage the cloud,” said Cameron Myhrvold, partner at Ignition Partners. He will also join the Board of Directors.

By Sourya Biswas

Sorry, comments are closed for this post.

Is Windows 10 The Final Piece Of Microsoft’s Cloud Strategy?

Is Windows 10 The Final Piece Of Microsoft’s Cloud Strategy?

Windows 10 – Microsoft’s Cloud Strategy By all reports, Windows 10 is a resounding success. Microsoft reported that 14 million users downloaded the latest version of its operating system in its first 24 hours of availability. That number is ten times higher than launch-day downloads of Windows 8. Independent sources confirm that Windows 10 now…

The Conflict Of Net Neutrality And DDoS-Attacks!

The Conflict Of Net Neutrality And DDoS-Attacks!

The Conflict Of Net Neutrality And DDoS-Attacks! So we are all cheering as the FCC last week made the right choice in upholding the principle of net neutrality! For the general public it is a given that an ISP should be allowed to charge for bandwidth and Internet access but never to block or somehow…

Three Factors for Choosing Your Long-term Cloud Strategy

Three Factors for Choosing Your Long-term Cloud Strategy

Choosing Your Long-term Cloud Strategy A few weeks ago I visited the global headquarters of a large multi-national company to discuss cloud strategy with the CIO. I arrived 30 minutes early and took a tour of the area where the marketing team showcased their award winning brands. I was impressed by the digital marketing strategy…

You’ve Moved Your Data To The Cloud…What Now?

You’ve Moved Your Data To The Cloud…What Now?

Data To The Cloud…What Now? You’ve done the research. You’ve vetted multiple cloud solutions. You’ve chosen the right vendor. And you’ve migrated your data to the cloud. All done, right? Not so fast… While it has become a bit of a scary proposition for many organizations to put their trust in the cloud and start…

Hot Emerging Trends – The Pizza Delivery Drone

Hot Emerging Trends – The Pizza Delivery Drone

The Pizza Delivery Drone Recently, drone delivery systems have been discussed as future state plans for many vendors. I personally think the traceable IoT-based pizza delivery drone is the next big thing. If you think about it, your pizza makes it to your house much faster. Since the drone carries both a temperature and a…

Here Are Four Ways To Elevate IT

Here Are Four Ways To Elevate IT

Here Are Four Ways To Elevate IT Prior to joining the consulting side of the industry, I worked in corporate IT for the first 7-8 years of my career. While my time in corporate IT has long come to a close, I can still vividly recall the pain points and dreaded battles I endured. A…

Cloud Has Transformed the Costs and Capabilities of CRM

Cloud Has Transformed the Costs and Capabilities of CRM

Transformation of CRM Services Over the last decade, the Cloud has transformed the costs and capabilities of customer relationship management (CRM) tools. Users can now update and access contacts and sales data anywhere, whether in the office or at an impromptu meeting a hundred miles away. These systems promise an easy setup, decreased cost, and…

CloudTweaks is recognized as one of the leading influencers in cloud computing, infosec, big data and the internet of things (IoT) information. Our goal is to continue to build our growing information portal by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Advertising