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CloudPhysics secures $15m in Jafco-led Series C

24 Jun 2014

clouddddddddVenture capital firm Jafco Ventures has led a $15m Series C round for cloud-based IT management specialist CloudPhysics.

Existing investors Kleiner Perkins Caufield & Byers, which led CloudPhysics’ $10m series B in August 2013, and Mayfield also participated in the round.

Since its launch in 2011 CloudPhysics has secured $27.5m. The company will use the funds to further develop its tehcnology, which helps uncover hidden operational hazards before problems emerge and identifies efficiency improvements in virtualized IT operations management.

CloudPhysics’ daily stream collects more than 140bn samples of configuration, performance, failure and event data from its global user base, with a total of over 50bn samples collected to date.

Jafco general partner Jeb Miller said, “This is a very exciting time for CloudPhysics as it brings to market a fundamentally new approach to IT operations management.

“Through Big Data analytics, CloudPhysics is shifting the focus of infrastructure management from reactive to predictive, enabling more intelligent and cost-effective IT.

“Jafco Ventures didn’t want to miss this opportunity to invest in CloudPhysics and its vision, and we’re excited to bring the full range of Jafco’s resources into the mix to help the company ramp in the market.”

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