November 7, 2011
Funding led by El Dorado Ventures enables the company to expand the team and extend leadership in enterprise cloud management
Minneapolis, MN – enStratus announced today that the company has closed on $3.5M in Series A funding led by El Dorado Ventures. Also participating in the round of funding is venture capital firm Vesbridge Partners. The funding will enable the company to expand the business with new team members, partners, solutions and international presence.
“We are excited about enStratus and the opportunity to help bring enterprise-level cloud management and governance to their customers,” said Jeff Hinck, General Partner of El Dorado Investments. “The enStratus solution, as well as a proven management team, were key factors in our decision to lead this round and we are confident in their continued success.”
enStratus is a cloud infrastructure management solution for deploying and managing enterprise-class applications in public, private and hybrid clouds. It has a multi-cloud architecture that provides cloud governance and management including security, reliability and cloud independence. Customers include enterprises around the world including Korea’s largest telecom provider, KT, as well as systems integrator, SAIC.
“enStratus continues to grow quickly with customers deploying private and public clouds with enterprise-level cloud management requirements,” said David Bagley, CEO of enStratus. “This financing will help us build on our success and accelerate our business plan.”
enStratus is a cloud infrastructure management solution for deploying and managing enterprise-class applications in public, private and hybrid clouds. enStratus has a multi-cloud architecture that provides security, reliability and cloud independence.
We deliver governance for the cloud through a patent-pending security architecture and a powerful management console across all leading public and private clouds including Amazon Web Services, AT&T Synaptic Storage, Bluelock, Cloud.com, CloudSigma, EMC Atmos, Eucalyptus, GoGrid, Google Storage, Nimbula, OpenStack, Rackspace, ServerExpress, Terremark, VMware and Windows Azure.
Based in Minneapolis, Minnesota, enStratus serves hundreds of organizations worldwide including Korea’s largest telecom provider KT, SAIC, Silanis, and The Cloud Security Alliance.
About El Dorado Ventures
El Dorado Ventures invests in early-stage companies with disruptive technology and business models in emerging and high-growth markets.
The firm usually leads or co-leads the first round of institutional capital, whether it is a seed round or later. We invest across a broad range of technology sectors, with particular expertise in Datacenters and Cloud Computing, Software (primarily SaaS-based delivery), Consumer Internet, Communications and Networking, and Cleantech.
Our team of four General Partners and one Principal works closely with the EDV Tech Partners, a group of more than 50 industry veterans who consult on new investments and provide advice and assistance to our portfolio companies.
For more information, visit http://www.eldorado.com