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Third Point joins Pelion, Mayfield in $13m CloudVelocity Series B

16 Jul 2013

dark_cloud_storm_170sq1Early-stage investor Third Point Ventures has led a $13m Series B financing round for cloud software maker CloudVelocity.

Pelion Venture Partners and existing investor Mayfield Fund also took part in the round, which brought the company’s total financing to $18m.

The company was founded by a team of experts in distributed systems, storage, virtualization and networking in 2010, and emerged out of stealth mode in December 2012.

Third Point managing partner Robert Schwarz said, “We believe that enterprises are highly motivated to leverage cloud economics and features but have been slowed by persistent obstacles.

“We spoke with numerous CloudVelocity customers, target customers, partners and other industry participants as a part of our lengthy due diligence process.

“The comment we heard consistently was that CloudVelocity was introducing a much needed, massively disruptive yet simple to deploy solution that would accelerate enterprise cloud adoption.”

Earlier this week Trident Capital and CMEA Capital led a $10m Series D round for cloud-based  Wi-Fi technology specialist AirTight Networks.

The round came six years after the company’s $14.5m Series C, which was led by CMEA.

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