Cloud Computing Startups Raise Big Money: UPDATE 8

Cloud Computing Startups Raise Big Money: UPDATE 8

This is the ninth in a continuing series on startups raising funding.

You can read the series here:  Cloud Computing Startups Raise Big Money:  1234567, 8

Today, there are two startups in focus – AppDynamics and ShopKeep.com.

AppDynamics (http://www.appdynamics.com/)

Top VC firm Kleiner Perkins Caufield & Byers led a $20 million Series C round for cloud-based performance management company AppDynamics. Previous investors Greylock Partners and Lightspeed Venture Partners also participated, bringing to a total the funds raised by the San Francisco-based startup to $36.5 million. The company specializes in application performance management and claims over 50,000 customers including Priceline.com, Netflix, Swisscom, TiVo, Fox News, and Taleo.

Cloud computing is a once-in-a-generation IT shift, and AppDynamics is rapidly becoming the management platform for IT teams to manage the operational complexities of cloud-based application architectures. The continued strong interest from top-tier investors is a great validation of our vision, our market opportunity, and our growth story. The application management market has multiple billion dollars of annual IT spending and AppDynamics is well poised to become the leading solution in the market,” said Jyoti Bansal, CEO of AppDynamics.

We see AppDynamics as perfectly positioned to take advantage of a seismic shift in how web applications are being created and managed. Applications are moving to distributed, cloud-based architectures, a sea change that is already having a tremendous impact on the operations and development teams responsible for performance and uptime. AppDynamics’ phenomenal growth and success to date proves that they’re well positioned to take advantage of this transformation and help companies manage these new types of business-critical applications,” said Matt Murphy, Partner at Kleiner Perkins.

ShopKeep.com (http://www.shopkeep.com/)

ShopKeep.com, a New York-based startup that provides a cloud-based Point of Sale (POS) platform that allows inventory management, customer tracking, and real-time reporting, recently announced that it closed a Series A financing of $2.2 million led by Tribeca Venture Partners and TTV Capital.

Founded in 2010 by Jason Richelson, co-owner of wine and gourmet food retailer Greene Grape, when he felt frustrated by the shortcomings of his existing POS software, ShopKeep has proved to be extremely popular, especially after the launch of an iPad version. Today, the company boasts of a 1,000-strong clientele and can live up to its promise of “Point of Sale, Simplified.”

This financing will further enable ShopKeep to bring superior customer service and affordable innovative technology to small business owners, who need it the most. We are excited to help small shops like mine run a better, more profitable business using just an iPad,” said Richelson, also CEO of the company.

ShopKeep solves the ‘last mile’ in local because they bring scalable technology to stores who desperately need it. The company delivers an amazing product, user experience, and innovative technology to a space ripe for disruption and void of economic efficiency,” said Brian Hirsch, Managing Partner at Tribeca Venture Partners.

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

6 Responses to Cloud Computing Startups Raise Big Money: UPDATE 8

  1. If You Build This Startup, There's A Good Chance You'll Be A Billionaire | Bootstrap Startup | Start a Business With NO External Capital says:

    [...] Cloud Computing Startups Raise Big Money: UPDATE 8 Previous investors Greylock Partners as well as Lightspeed Venture Partners additionally participated, bringing to a sum a supports lifted by a San Francisco-based startup to $ 36.5 million. The association specializes in focus opening government as well as claims … Read some-more upon CloudTweaks News [...]

Join Our Newsletter

Receive updates each week on news, tips, events, comics and much more...

Can I Contribute To CloudTweaks?

Yes, much of our focus in 2015 will be on working with other influencers in a collaborative manner. If you're a technology influencer looking to collaborate with CloudTweaks – a globally recognized leader in cloud computing information – drop us an email with “tech influencer” in the subject line.

What is the 12/12 Program?

This program is designed to better handle the thousands of requests we receive from people looking to submit articles. The 12/12 program is the commitment of 12 articles delivered over a 12-month period.  

Wait! What if I just want to submit one article?

Our popular pay as you go sponsorship program provides the flexibility to submit as you wish and is designed for all budgets.

Contributors

Cloud Infographic – Wearable Tech And Preventative Healthcare

Cloud Infographic – Wearable Tech And Preventative Healthcare

Wearable Tech And Preventative Healthcare There are so many exciting new opportunities available to utilize wearable technology in the future.  Areas such as nanotechnology disease monitoring, crowdfunding to wearable accessories are some excellent examples of the potential. Estimates vary, but appear to suggest that the market will produce between $14-50 Billion over the next few years. Included below

Ten Tips For Successful Business Intelligence Implementation

Ten Tips For Successful Business Intelligence Implementation

Ten Tips for Successful Business Intelligence Implementation The cost of Business Intelligence (BI) software goes far beyond the purchase price. Time spent researching, implementing, and maintaining your BI investment can snowball quickly and mistakes are often expensive. Your time is valuable – save it by learning from other businesses’ experiences. We’ve compiled the top ten

Knots And Cloud Service Providers

Knots And Cloud Service Providers

How Do These Two Compare? In Boy Scouts, I learned how to tie knots. The quickest knot you can tie is the slipknot. It’s very effective for connecting one thing to another via the rope you have. It was used in setting up tents, mooring boats to docks temporarily and lifting your food up into

Big Data

To Have and Have Not: Big Data Initiatives In Developing Countries

To Have and Have Not: Big Data Initiatives In Developing Countries

Big Data Initiatives In Developing Countries The poor of the developing countries are becoming increasingly connected, to the point where they too are part of the Big Data revolution that’s happening across the globe. It didn’t come with laptops, though, as some supposed it would. Whereas it costs a fortune to connect broadband to a

Big Data In Your Garden: Initiatives For Better Understanding Nature

Big Data In Your Garden: Initiatives For Better Understanding Nature

Big Data in Your Garden Big Data and IoT initiatives are springing up all across the globe, making cities, protesters–and just about everything else–smarter. However, thus far there’s been little attention paid to the interactions between these bizarre technologies and living things other than humans. Biology, that is, human biology is one field where Big

Who Holds the Key to the City: Big Data and City Management

Who Holds the Key to the City: Big Data and City Management

Big Data and City Management Cities like New York, Madrid, and especially Rio de Janeiro are augmented with Big Data-powered initiatives that range from combating crime with predictive analytics (New York & Madrid) to providing real-time data for improved management. Although Big Data is no panacea and is mainly used in conjunction with a greater

Internet of Things

Where’s the Capital of the Internet of Things?

Where’s the Capital of the Internet of Things?

Where’s the Capital? We all know the capitals of fashion are London, New York and Paris, while the capital of film is Hollywood (or Bollywood!) – but what’s the new capital of the internet? Specifically, the internet of things? The answer – according to new research by Ozy – might surprise you. It’s not Tokyo, Seoul,

Smart Cities – How Big Data Is Changing The Power Grid

Smart Cities – How Big Data Is Changing The Power Grid

Smart Cities And Big Data As Anthony Townsend argues in his SMART CITIES, even though the communications industry has changed beyond recognition since its inception, the way we consume power has remained stubbornly anachronistic. The rules of physics are, of course, partially to blame, for making grid networks harder to decentralize, as opposed to communication

Aggregated News

Popular News Sources

New Funding For Acumatica ERP Cloud Business – $13 Million Invested

New Funding For Acumatica ERP Cloud Business – $13 Million Invested

Acumatica ERP Cloud Business Acumatica, a well known ERP cloud services company has raised over $13 millions in new funding led by Bain Capital Owned-MYOB. This is exciting news for the company and demonstrates the high level of adoption and commitment by their clients and partners. This investment validates the market acceptance of the Acumatica solution,” said

Why Microsoft CEO Satya Nadella Loves What Steve Ballmer Once Despised

Why Microsoft CEO Satya Nadella Loves What Steve Ballmer Once Despised

“I don’t want to fight old battles,” says Microsoft CEO Satya Nadella. “I want to fight new ones.” It’s Sunday evening, and Nadella is sitting in a glass-enclosed room at the back of a Japanese restaurant in San Francisco’s North Beach neighborhood, eating sushi with a few reporters. The post Why Microsoft CEO Satya Nadella Loves

Apple sales soar after record-breaking iPhone 6 and 6 Plus launch

Apple sales soar after record-breaking iPhone 6 and 6 Plus launch

The US tech giant reported a 16 per cent jump in iPhone sales between July and September, and the strongest growth in Mac computer shipments in years. Read the source article at dailymail.co.uk About Latest Posts souryaSourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being