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Investment Led by Polaris Partners Validates Single, Integrated, Application-Centric Platform to Help Enterprises Securely Migrate, Manage and Govern One or Many Clouds, Apps and Users
SANTA CLARA, CA – Apr 7, 2015 — /BackupReview.info/ — CliQr, the leader in hybrid cloud migration and management, secures $20 million in Series C funding led by Polaris Partners with participation from Foundation Capital, Google Ventures and TransLink Capital. CliQr plans to use the capital to expand global distribution and support to meet burgeoning worldwide customer demand for an efficient hybrid cloud platform to manage the entire lifecycle of applications and users on clouds. This round brings CliQr’s total funding raised to more than $38 million and adds the deep cloud expertise of Gary Swart, former oDesk CEO and current venture partner at Polaris Partners, to the board of directors.
“Polaris Partners is seeing tremendous disruption in the IT sector as organizations move to hybrid cloud environments,” says Gary Swart, venture partner at Polaris Partners. “Whether a company is starting its movement to the cloud very simply or planning to migrate and manage a complex environment of clouds and applications across multiple geographies, CliQr is the clear frontrunner in helping businesses attain the benefits of cloud computing — flexibility, scalability and affordability — without sacrificing cloud portability, security or governance.”
CliQr’s Series C funding closely follows several milestones, including Gartner’s Cloud Management Platform 2014 Cool Vendor of the Year1, Cloud Computing Magazine’s 2014 Product of the Year award and Best of Show “Grand Prix” award at Interop Tokyo. In addition, CliQr recently welcomed to its advisory board esteemed entrepreneur Charles Giancarlo, board director of ServiceNow, board chair of Avaya along with key executive and board roles at a variety of other renowned tech companies. Giancarlo joins other industry luminaries on CliQr’s advisory board including Jeff Epstein, George Kadifa and Tom Reilly.
“CliQr built its technology and reputation by listening to customers about their requirements for the cloud,” said Gaurav Manglik, CEO and co-founder of CliQr. “To meet our customers’ needs, we are delivering on our vision for unshackling applications from the complexity of ever-changing hybrid cloud environments. Our approach is validated by a strong product platform, enterprise customers, worldwide partners and top-tier investors. We’re ready to put this new investment to work by helping us expand globally to meet skyrocketing demand for our platform.”
About CliQr Technologies
1 Cool Vendors in Cloud Management, 2014, Co-authored by Donna Scott, Milind Govekar, Gregory Petri and Bob Gill, April 17, 2014.
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