21 November 2019:
MontyCloud has raised $2.85 million in Seed Funding. The funding round was led by Madrona Venture Group. Lytical Ventures and Bob Hammer also participated in the funding round.
The company also announced the availability of their Intelligent Multi-Cloud Management platform. The company’s new offering is an AI-driven SaaS platform that simplifies management and governance of modern cloud infrastructure, applications and services.
MontyCloud supports Amazon Web Services (AWS). tghe company will soon add support for Microsoft Azure and other cloud platforms. MontyCloud is now available as a public preview on the AWS Marketplace.
Venkat Krishnamachari, co-founder and CEO, MontyCloud, said, “As adoption of cloud services grows, customers are faced with growing complexity in managing their applications across cloud platforms, regions, and accounts.”
Venkat Krishnamachari, added, “MontyCloud helps customers efficiently manage their cloud-based applications providing policy-based management and governance consistently across all of their cloud environments.”
Ted Kummert, Venture Partner, Madrona Venture Group, said, “As enterprises actively embrace the cloud, they are finding that the effective management of their applications and infrastructure depend on a myriad of single purpose tools and native platform capabilities.”
Ted Kummert, added, “MontyCloud has taken a fresh look at the growing complexity and offers a way to ensure that IT departments can manage all of their cloud environments in a consistent way. This is a growing issue for any modern enterprise and the early customer traction has been impressive.”
MontyCloud was founded by Venkat Krishnamachari, Kannan Parthasarathy and Venkat Hari. The company has offices in Seattle, WA and Bangalore, India.
(Image – MontyCloud)