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The Center for Innovative Technology (CIT) announced that its CIT GAP Funds invested in DivvyCloud, a McLean-based startup that provides software to help companies optimize their hybrid cloud-based IT infrastructure.
CIT President and CEO Pete Jobse said, “DivvyCloud provides an innovative answer to a complex problem – management of hybrid cloud environments - that a growing number of companies face. Solutions like DivvyCloud’s software are what we look for with our CIT GAP Funds investments.”
Companies employing multiple clouds to run online services often find it painful and difficult to manage. DivvyCloud’s software simplifies this management process by providing a unified management interface, simplified cost tracking and integrated system and application monitoring. DivvyCloud helps companies leverage these three key offerings to increase product stability and reduce operational waste, making cloud management more efficient.
DivvyCloud CEO and co-founder Brian Johnson said, “We will use the investment from CIT GAP Funds for product development and sales. We plan to add engineers and online marketing resources, which will help scale the business.”
CIT GAP Funds is a family of seed- and early-stage investment funds placing near-equity and equity investments in Virginia-based high-growth technology, life science and clean technology companies.