DivvyCloud (TechBUZZ Spring ’14) Secures $6M in Series A Funding

DivvyCloud, a leading developer of innovative technology to automate and manage cloud infrastructure, today announced that it has received $6,000,000 in equity funding led by RTP Ventures. DivvyCloud will use the funds to scale its sales and marketing operations as well as accelerate development of its cloud infrastructure governance and security platform.
“Large IT organizations embracing the agility and cost-effectiveness of a devops-driven cloud strategy face a dilemma: how can we keep our developer teams agile and productive while maintaining controls our business requires?,” said Kirill Sheynkman, Managing Director of RTP Ventures. “Only a team that experienced these challenges firsthand can come up with a solution. And Divvy nailed it — a flexible, extensible, open framework for creating a policy enforcement mechanism for modern hybrid cloud deployment. DivvyCloud builds complex, technical products led by an experienced team targeting businesses in large, “high need” verticals — that’s RTP’s investment theme and Divvy fits it to a T.”

2017-10-16T08:40:43+00:00October 16th, 2017|