CloudOne Bags Big Boost

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CloudOne is located in The Switch in downtown Fishers. (Image Courtesy of developer Loftus Robinson) CloudOne is located in The Switch in downtown Fishers. (Image Courtesy of developer Loftus Robinson)
FISHERS -

Fishers-based CloudOne Inc. has landed a $9 million round of funding. The company says the infusion comes after four consecutive years of more than 100 percent revenue growth. The funding group was led by Michigan-based Plymouth Ventures and included investors such as Indiana's Elevate Ventures and former Indianapolis Colt Ryan Diem. In all, the company has received nearly $22 million in equity investments since its founding in 2010.

Other investors in this most-recent round include California-based Hercules Technology Growth Capital, as well as Bootstrap Venture Fund and Chatham Ventures.

CloudOne Chief Financial Officer Brett Sharp says "CloudOne continues to execute on a bold vision to be the leading IoT solutions enabler to some of the world’s best companies. This funding provides us with a tremendous opportunity to continue helping our customers advance their IoT initiatives."

CloudOne provides services for clients needs involving Internet of Things technology.

You can read more about the funding in our INside Edge enewsletter.

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