5 Cloud Computing Funding Stories You Might Have Missed, June 26

Each week Talkin’ Cloud compiles a list of cloud computing financing stories for readers who might have missed the news earlier in the week. This week’s column features funding news from Snowflake Computing, Currency Cloud, Redis Labs, Canopy and Frame.

These stories have been gathered from Talkin’ Cloud’s article database and other media sources. If we missed something, feel free to leave a comment below. We might just add it into the mix.

Here’s this week’s list of 5 Cloud Computing Funding Stories You Might Have Missed, June 26.

Cloud Data Startup Snowflake Lands $45 Million In New Funding, Offers First Product. Snowflake has added $45 million in Series C funding, bringing its total financing to $65 million. The cloud data warehousing company said the funding will support its product development and customer and revenue growth.

Currency Cloud Closes $18 Million Series C Investment. Payment platform provider Currency Cloud has added $18 million in a Series C funding round led by Sapphire Ventures. Rakuten also participated in the funding round, along with existing investors Anthemis, Atlas Ventures, Notion Capital and XAnge Private Equity. The Series C funding brings Currency Cloud’s total financing to $36 million. 

Redis Labs Closes $15 Million In Series B Funding To Expand Reach To Large Enterprises. Redis Labs has raised $15 million in Series B funding led by Bain Capital Ventures and Carmel Ventures, with participation from Silicon Valley Bank. The cloud database services provider said the new funding will help it market and sell its hybrid database offering.

Frame Raises $10M From Columbus Nova Technology Partners And Bain Capital Ventures To Build The Next Generation Of Personal Computing In The Cloud. Cloud platform provider Frame has secured $10 million in funding from Columbus Nova Technology Partners (CNTP), Bain Capital Ventures and SQN Venture Partners. Frame noted that it will use the funding to expand its technology and grow its leadership, sales and engineering teams.

Cloud Tax Platform Canopy Raises $8 Million. Canopy has raised $8 million in venture capital that it will use to increase its staff and product development efforts, according to AccountingWeb. In addition, Canopy said it will focus on finding ways to ensure tax professionals can use its cloud tax platform to streamline their work tasks.

What are your thoughts on this week’s top cloud computing funding news? Share your thoughts about this story in the Comments section below, via Twitter @dkobialka or email me at [email protected].