North Bethesda, Maryland-based Cloudbolt Software closed a $35 million Series B consisting of both equity and venture debt funding. The equity portion of the round was led by Insight Partners while the debt was issued by Hercules Capital and Bridge Bank.
Launched in 2012, Cloudbolt is the creator of an enterprise cloud management platform. This new funding comes after it recently acquired Australia-based Kumolus and Georgia-based SovLabs, moves that have helped strengthen CloudBolt’s goal of providing hybrid cloud management services, the company said.
“We are thrilled to have the support of Insight Partners, Hercules, and Bridge Bank as we build out our technology vision, accelerate our international expansion, and invest in new partnerships to support enterprises anywhere on their hybrid cloud, multi-tool journey,” said CloudBolt CEO Jeff Kukowski in a statement.
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