Blue Box Closes Series-B Funding at $14 Million
Private Cloud as a Service (PCaaS) provider, Blue Box, has closed a Series B financing round, totaling $14 Million. The latest addition to this round of $4 Million, was closed yesterday, and an undisclosed telecommunications provider led this round. As part of the deal, the two companies will be working together to provide Blue Box Cloud services to users of the telecommunication company.
The first part of this round, the $10 Million, was raised in October and was lead by Voyager Capital and Founders Collective, as well as the Blue Box executive team. This brings the total funding from December 2012 to date up to a total of $23.1 Million. Blue Box initially raised a $4.3 million, and then a further $1.5M in Series A also led by Voyager Capital and Founder Collective in late 2012 and early 2013.
Blue Box delivers its services from data centers in Seattle, Ashburn, Virginia, and Zurich. Their primary offering, Blue Box Cloud is a managed, hosted private cloud on dedicated hardware, which is powered by OpenStack and available and scalable on demand. They service a wide range of industries, including healthcare, financial services, digital media, gaming, technology and retail.
Matthew Schiltz is the CEO at Blue Box and has worked previously as CEO of both Tier 3, and DocuSign. In an official release, he was quoted as saying, “We are very excited that Blue Box Cloud has quickly been accepted as a leading PCaaS offering in the marketplace. The combination of our unique IP and true operating experience makes it possible for BlueBox to deliver consistent, reliable, efficient and agile private cloud infrastructure as a service directly and through channel partners, and it’s that model we’re moving to implement in 2015 with our partners.”
The Seattle-based company plans to use the funding for further expansion of their expanding engineering, sales, marketing, and business development teams, as well as expanding its channel partner program. This program will enable other service providers to launch OpenStack-based cloud services for their customers.
