One of the top firms providing Software Delivery Acceleration solutions recently announced the receipt of USD8 million in investments for its DevOps brand. Electric Cloud received pledges of investments from Siemens' Venture Capital as well as from the Mayfield Fund, Rembrandt Venture Partners, RRE Ventures and US Venture Partners.
The solutions created and developed at Electric Cloud allow organizations to deliver quality software at a higher rate resulting in a greater competitive advantage in their specific markets. The funds received would be used by Electric Cloud for further investments in engineering, marketing and sales.
According Siemens Venture Capital CEO Ralf Schnell, "Automating and accelerating software delivery is essential to maintaining competitive advantage in an increasingly software-driven world. Electric Cloud is becoming a software delivery standard for market innovators across key sectors including automotive, aerospace, computing infrastructure and medical devices."
Amongst the companies that utilize Electric Cloud's services are from the IT, ISV and embedded software sectors.
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