Browse by year:
Gravitant completes $10 Million in Series B Round of Funding
SI Team
Tuesday, February 11, 2014
Gravitant, a software company in the enterprise cloud brokerage and management market recently raised $10 million in a Series B funding round led by new investor Corsa Ventures where existing investor S3 Ventures also participated. This increases the total funding of the company to $14 million. The latest financing will be used to expand the company's sales and marketing to keep up with rising customer demand. In addition, the new investment will be used to extend the capabilities of Gravitant's award-winning cloud brokerage and
multi-cloud management platform to satisfy new customer segments.

"Customer interest in cloud brokerage and management platforms is accelerating, and this funding will help
us take advantage of this rapidly growing market space," says Mohammed Farooq, co-founder & CEO of Gravitant. Alex Gruzen, Managing Partner of Corsa Ventures will join the company’s board of directors as part of the deal. "Gravitant has the potential to change the way Enterprise IT is done," says Gruzen.

Founded in 2004, the company develops software designed to enable the deployment of virtual data centers
and business applications by aggregating services from infrastructure-as-a-service providers. The Austin based company enables enterprises of all sizes use IT-as-a-Service (ITaaS) through its flagship product CloudMatrix, a cloud service brokerage and management platform.

The platform makes it easy for enterprises to select, procure, consume, and manage cloud services and enables users to move from a slow service-ticket model to an agile design-to-order model. Customers have the liberty to select the optimum cloud services (PaaS, IaaS, SaaS) and managed services for their needs and collaboratively construct and deploy complete IT solutions at the best cost.
Share on LinkedIn