CloudHealth Technologies successfully completed a $20.05 million non-brokered equity financing round. A total of eight investors started to subscribe to the round on May 2nd. Until this disclosure CloudHealth Technologies had raised an estimated $12 million in unregistered securities via one previous financing round.
CloudHealth Technologies markets and develops a cloud management platform that consolidates, evaluates, analyzes and optimizes data from disparate data sources. This results in an optimally performing cloud environment, enabling enterprises and service providers to align cloud operations with business objectives, while reducing costs and ensuring service levels are being met. The company is backed by Scale Venture Partners, .406 Ventures and Sigma Prime Ventures
The company is headquartered in Boston MA. CloudHealth Technologies elected to keep its revenues undisclosed. The executive team includes Daniel Phillips, Dave Eicher, Joseph Kinsella and Lawrence Begley. The board of directors includes Ariel Tseitlin, Bob Brennan, Greg Dracon, Jayendra Das and Robert Davoli.
The company has raised an estimated total of $32.05 million via private unregistered security offerings.
Offering recap Status: Completed Company: CloudHealth Technologies Industry: Other Technology Amount offered: $20.05 million Amount placed: $20.05 million SEC filing: Source First sale: 05-02-2016 Data as of: 05-16-2016