Cloud Technology Partners has announced that it has completed a $3.5 million top-up round. The funding, led by existing investors Pritzker Group Venture Capital and Oak Investment Partners, with existing investor participation, will go to scaling Cloud Technology Partners sales and delivery capabilities as the company is growing in excess of 100% year-over-year. This round brings the total funding raised to date to $17.4 million.
"We have been doubling the number of cloud professionals we hire every year, and we need to increase this level of hiring in order to support the exponential growth in demand for our services," said Chris Greendale, CEO and Founder,Cloud Technology Partners. "The good news is that given our position in the market, we have been able to recruit outstanding cloud thought leaders and experienced practitioners."
Greendale continued, "We are exceedingly pleased with the vote of confidence our investors, ecosystem partners and clients have made in us as we continue to build a great cloud company."
"Across the industry, we are seeing profound IT and business results achieved by leveraging cloud as an enabling platform - many of which have been realized by Cloud Technology Partners' clients," said Chris Girgenti, managing partner of Pritzker Group Venture Capital. "We are pleased to participate in this funding round as it serves to further enable Cloud Technology Partners' growth."
Cloud Technology Partners has completed more than 200 cloud projects for enterprise clients around the world, including many in the Fortune 500. In addition, the firm works closely with Amazon Web Services (AWS), Google Cloud Platform and other leading cloud providers to accelerate enterprise adoption of public and hybrid cloud services.
This article was originally posted “Cloud Technology Partners Raises $3.5M In Top-Up B-1 Round” from Cloud Strategy Magazine.