Local tech firm nabs $4.5 million in venture capital

December 4, 2014

Indianapolis-based CloudOne Corp. has landed $4.5 million in venture capital, the company announced Thursday.

The funding round was led by Ann Arbor, Michigan-based Plymouth Ventures. New York-based HKS Capital Advisors and locally based Elevate Ventures also are expected to contribute through the Indiana 21st Century Research & Technology Fund.

CloudOne sets up customers with private cloud networks that provide software applications. Its clients include Cummins Inc., Panasonic and McDonald’s.
The fast-growing company has attracted almost $12 million in venture capital since its founding in 2009, including more than $7 million this year.

The last round of funding, $2.8 million, came from San Diego-based Bootstrap Venture Funds in February.

CloudOne acquired the North American sales and marketing operations of Nantes, France-based technology engineering firm Sodius Corp. in July.

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