Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

CloudBolt Announces $23M Investment from Insight Venture Partners to Accelerate Growth of Hybrid Cloud Management Platform

CloudBolt Announces $23M Investment from Insight Venture Partners to Accelerate Growth of Hybrid Cloud Management Platform

CloudBolt Software Inc., developers of a leading self-service hybrid cloud platform, today announced a $23M Series B funding round led by Insight Venture Partners, a New York-based venture capital and private equity firm.

CloudBolt transforms Enterprise IT with its Enterprise Hybrid Cloud Platform that unifies access to public cloud and private data center environments. By directing end user cloud access through a single portal, CloudBolt customers gain the ability to track, control, and simplify how IT resources are consumed in the face of rising demand for agility, elasticity, and cost containment. Serving tens of thousands of users globally, including industry leading enterprises Airbus, Electronic Arts, The Home Depot, and Siemens, CloudBolt plans to use proceeds to expand into new markets and verticals while further developing their offering and integrations.

As the trajectory of enterprise Cloud growth continues to surpass expectations, the need for Hybrid Cloud tools that allow IT to transition from on-premise to hybrid cloud models is increasing. The global hybrid cloud market was valued at USD 40.62 billion in 2017 and is expected to reach a value of USD 138.63 billion by 2023, at a CAGR of 22.70% for 2018-2023. This increasing need to transition to hybrid cloud models presents a tremendous opportunity, but Enterprise IT departments often struggle to realize that vision quickly and cost effectively. CloudBolt dramatically simplifies that transition by taking a flexible approach to cloud that maintains customer choice.

CloudBolt provides a unified platform for managing cloud resources:

Hybrid cloud delivery and management with support for 18+ different virtualization systems and public clouds (partnerships and integrations with AWS, VMware, Google Cloud, and Microsoft Azure, among others)

Cross Cloud Blueprints that support Anything as a Service (Xaas)

Role-based access control that enables compliance and governance and enterprise security enforcement

Cost transparency, chargeback and reporting for resources running in both a data center and public cloud

Sprawl control and cost reduction via expiration dates, quotas, and power schedules

“Today’s Enterprise IT team is under tremendous pressure to deliver value to the business at an unprecedented rate. Delivering self-service access to hybrid cloud resources while maintaining compliance and cost management is no longer a nice to have. It is a requirement.” said Brian Kelly, CEO of CloudBolt. “CloudBolt helps organizations harness the power of cloud to deliver and deliver faster, more efficient workflows and systems at scale. The partnership with Insight Venture Partners is going to allow us to deliver a richer experience to users at a faster pace, grow our team, and continue our focus on providing customers with a great experience.”

“Leveraging cloud technologies will only become more commonplace in the foreseeable future, and developers will need tools to help them simplify this process for end-users – that’s where CloudBolt comes in,” said Phil Vorobeychik, Principal, Insight Venture Partners. “We are thrilled to welcome CloudBolt to our portfolio and are looking forward to helping drive this next stage of growth together.”

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post