CloudOne (www.oncloudone.com) has announced it secured$9 million in Series E venture funding. The round brings total equity investment in CloudOne to $21.9 million.
Funding was led by Plymouth Ventures of Ann Arbor, Mich. with primary participation by HerculesTechnology Growth Capital of Palo Alto, Calif. Existing investors participating in the round includeBootstrap Venture Fund,Chatham Ventures,ElevateVentures and Ryan Diem. The investment will be used to continue to fuel CloudOnes growth in IoT Development and IoT Analytics, investment in product innovation and expansion of CloudOne’s team.
CloudOne continues to execute on a bold vision to be the leading IoT solutions enabler to some of theworlds best companies, said Brett Sharp, chief financial officer of CloudOne. This funding provides us with a tremendous opportunity to continue helping our customers advance their IoT initiatives, he stated.