MOUNTAIN VIEW, CA--(Marketwired - Aug 13, 2013) - CloudPhysics, who provides intelligent operations management for virtualized workloads, today announced that it has closed $10 million in Series B funding led by Kleiner Perkins Caufield & Byers. Previous investors the Mayfield Fund, Mark Leslie, Peter Wagner, Carl Waldspurger, Nigel Stokes, Matt Ocko and VMware co-founders also participated in this round (http://www.cloudphysics.com/news/press-releases/CloudPhysics_Funding_Company_Press_Release-08-25-12.pdf). CloudPhysics plans to use the funding to continue to fuel its growth and innovation.
CloudPhysics was founded in 2011 with the mission to continuously deliver insights to IT teams for actively managing the dynamics of their infrastructures. The company's cloud-based approach enables it to derive collective intelligence from the 80+ billion samples of operations data it receives daily from its global user base.
Today the company released its SaaS offering, which automatically uncovers hidden operational hazards before problems emerge as well as identifies radical efficiency improvements in storage, compute and networking with VMware workloads, giving IT more power than ever before to understand, troubleshoot and optimize their virtualized systems: http://www2.marketwire.com/mw/release_html_b1?release_id=1042205. Today CloudPhysics also launched Card Store, the first IT operations app store built on an industry-wide dataset and community: http://www2.marketwire.com/mw/release_html_b1?release_id=1042208
"Big Data applied in a highly personalized manner has delivered huge, disruptive benefits in every industry -- except IT," said Mike Abbott, general partner at Kleiner Perkins Caufield & Byers. "CloudPhysics is the first to apply it to IT, and they're well positioned to disrupt this market. We are impressed with their leadership team, game-changing SaaS offering and the community they have built since coming out of stealth mode late last year."
Abbott joins CloudPhysics co-founders John Blumenthal, CEO, and Irfan Ahmad, CTO, and Robin Vasan, Managing Director at Mayfield Fund, on the board.
"The progress CloudPhysics has made over the last 18 months is phenomenal," said Robin Vasan, Managing Director at Mayfield Fund. "CloudPhysics' leadership team is exceptional, and they have done an excellent job growing the team and developing their intelligent operations management SaaS."
"Managing virtualized IT means managing an ever-changing, dynamic set of conditions," said John Blumenthal, CEO and Co-Founder of CloudPhysics. "Today's static solutions can't keep pace and a new approach is called for -- leveraging collective intelligence drawn from industry-wide operations big data and delivering solutions rapidly via SaaS as users encounter new operational problems. This infusion of capital will accelerate our aggressive growth plans as we continue to hire the industry's best engineering talent and expand our global IT operational data service."
To read Blumenthal's blog, go to: https://cloudphysics.squarespace.com/blog/2013/8/12/the-question.
CloudPhysics, winner of the Best Innovation Award at VMware's VMworld, delivers unique insights into virtualized IT operations. Representing a fundamental advancement in systems management, CloudPhysics is the first to combine the collective intelligence drawn from its global IT operations dataset with unique, patent-pending data center simulation and resource management techniques, empowering IT teams to make data-driven operational decisions. The company, based in Mountain View, California, is founded and staffed by engineering and product leaders from VMware, Google and Cadence, and backed by Kleiner Perkins Caufield & Byers and the Mayfield Fund. For more information, visit: http://www.cloudphysics.com.
About Kleiner Perkins Caufield & Byers
Kleiner Perkins Caufield & Byers (KPCB) has backed entrepreneurs in more than 700 ventures leading to nearly 200 IPOs, over 375,000 jobs and a deep strategic network. The firm has helped build pioneering companies like Align, Amazon, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper Networks, Netscape, Symantec, VeriSign and WebMD. KPCB partners serve on the boards of Amazon, Apple, Bloom Energy, Flipboard, Foundation Medicine, Google, Hewlett-Packard, Nest, Square, Tesaro and Zynga, among others. KPCB accelerates the success of entrepreneurs with a team of partners delivering company-building services including strategy, operational scaling, recruiting, business development, product delivery and marketing communications. The firm invests in all stages from seed and incubation to growth companies. KPCB operates from offices in Menlo Park, San Francisco, Shanghai and Beijing. For more information, visit: http://www.kpcb.com.
About Mayfield Fund
Mayfield Fund is a global venture capital firm with over $3 billion under management and a 43-year history of investing in relationships. Mayfield invests primarily in early-stage IT companies that leverage the drivers of mobile, cloud/SaaS, social, energytech and big data. Since its founding in 1969, the firm has invested in more than 500 companies, resulting in over 100 IPOs and more than 100 mergers or acquisitions. For more information, visit: http://www.mayfield.com.