Monday, January 28, 2013

Cloudability Finds $1.0M More In Funding

Cloudability, the Portland-based operator of cloud monitoring services for monitoring cloud spending for companies, has raised $1.0M in a debt funding round. According to regulatory filings by the firm, the company is in the midst of raising nearly $1.23M in the funding round. Details on the funding have yet to be announced by the company. Cloudability is venture backed by the Foundry Group, and raised its Series A funding round in July of 2012, when it raised $8.7M in funding. It's unclear if this round is a convertible round or the structure of the debt funding. More information »