Electric Cloud Secures Additional $4M in Series E Funding

Electric Cloud on Tuesday announced that it has secured an additional $4 million of funding from its current investors to assist the continuous delivery solutions provider with its growth.

The company’s current group of investors includes Siemens’ Venture Capital, US Venture Partners, Mayfield Fund, RRE Ventures and Rembrandt Venture Partners.

Electric Cloud suggested that it will use the additional funding to continue its growth and market leadership in the continuous delivery space.

This funding is in addition to the $8 million raised by Electric Cloud in September 2013, bringing the total Series E round size to $12 million.

Electric Cloud CMO Jim Ensell told Talkin’ Cloud that the company’s primary sales model is direct, but it relies on channel partners for certain countries around the world.

“That said, this should have minimal effect on the company’s channel partners with the exception of providing more funds for partner enablement and sales support,” he said.

The company said it has raised a total of $41 million in financing from investors.

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