Thursday, December 22, 2011

Cloudability Raises $1.1M

Portland-based Cloudability, which develops cloud management software, announced today that it has raised $1.1M in a seed investment round. The round was led by Trinity Ventures and Walden VC, and also included local Portland angel investors, who contributed $225K in the round. Cloudability said it will use the funding to expand its engineering team, accelerate platform development, and add further cloud service integration. Cloudability was co-founded by Mat Ellis, J.R. Storment and Jon Frisby earlier this year. The firm's software allows companies to monitor their cloud computing expenditures. More information »