IBJNews

CloudOne nabs $2.8 million in venture capital

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based CloudOne Corp. has secured $2.8 million in venture capital, the company announced Monday.

The latest round of funding was led by San Diego-based Bootstrap Venture Fund. CloudOne has landed more than $7 million in venture capital since it was founded in 2009.

CloudOne sets up customers with private cloud networks that provide IBM software. Its clients include Cummins Inc., CVS Caremark and McDonald's.

The latest financial infusion will “further accelerate growth through sales and marketing, customer service and account management,” company officials said in a prepared statement.

This is the third venture capital boost for the firm. Most recently, the company raised $1.7 million in June 2012.

The company revamped its board of directors after securing its latest investment.

The board includes John McDonald, the company’s chairman; David Clark, a venture partner at Indianapolis investment firm Elevate Ventures; Ryan Diem, a retired offensive lineman for the Indianapolis Colts; Parker Hinshaw, a co-founder and former CEO of maxIT Healthcare in Westfield, and Christopher Hughes, managing principal at HKS Capital Advisors in Clarendon Hills, Ill.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT