Rapid Growth and Trailblazing Tech in 2020 Positions CloudBolt Software to Redefine Cloud Management in 2021

Forecasting & Performance ManagementData Visualization

By STS News Desk On Jan 20, 2021

First-Generation Cloud Management Platform Customers Increasingly Asking, “Should I Stay Or Should I Go?”

CloudBolt Software, the enterprise cloud management leader, solidified its position as the intelligent choice for cloud management in 2020. With significant growth and global expansion, two acquisitions, and game-changing innovation, CloudBolt’s comprehensive, award-winning solutions are positioned to lead a paradigm shift in cloud management in 2021.

Major accomplishments to help enterprises anywhere on their hybrid cloud, multicloud journey include:

Two Acquisitions

Two significant acquisitions propelled CloudBolt’s game-changing cloud management vision: SovLabs, leading provider of codeless integrations for hybrid cloud, and Kumolus, an innovator of cloud cost management, security and governance solutions. With Kumolus, CloudBolt gained a SaaS-based offering to help enterprises radically simplify how they visualize their public cloud environments like AWS and Azure while continuously optimizing them for cost, security, and compliance. In addition, CloudBolt expanded its APAC base with the acquisition.

With SovLabs, CloudBolt filled a vital missing link in traditional cloud management approaches— the need to solve complex integration challenges. OneFuse, a first-of-its-kind codeless integration technology born from the acquisition, utilizes intelligent abstraction to enable IT to vastly reduce the high cost and complexity of custom coding integrations for toolsets like VMware vRealize Automation, HashiCorp Terraform, Kubernetes, and others, while improving visibility and governance. The acquisition also doubled CloudBolt’s global customer base and increased its employee headcount by 50%.

Series B Funding

In the fourth quarter of 2020, CloudBolt announced $35M in series B funding to further expand its product development and go-to-market functions to accelerate its global growth objectives. Insight Partners, a global venture capital and private equity firm, led the round with venture debt participation from Hercules Capital Inc. (NYSE: HTGC) and Bridge Bank.

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