CloudHealth Technologies

CloudHealth by VMware
Company typeSubsidiary
IndustrySoftware
Founded2012[1]
Headquarters
Boston, Massachusetts
,
United States
Area served
Worldwide
Key people
Joe Kinsella (CTO and Founder),[2] Dan Phillips (Co-Founder)[3] Tom Axbey (CEO and President)[4]
Number of employees
280+[5][unreliable source?]
ParentVMware
Websitecloudhealthtech.com

CloudHealth Technologies, now CloudHealth by VMware,[6] is a privately held software company based in Boston, Massachusetts.[7] The company provides cloud computing services related to cost management, governance, automation, security, and performance.[8]

History

CloudHealth Technologies was founded by Joe Kinsella in 2012. Dan Phillips joined as CEO and co-founder in late 2012, and[9] Dave Eicher joined as co-Founder in January 2013.[10] In May 2016, the company announced plans to expand from its Boston headquarters with branch offices in San Francisco, London, Washington, D.C., Sydney, Amsterdam, Tel Aviv, and Singapore. Headquarters moved in Boston from Fort Point to 100 Summer Street in the Spring of 2018, tripling in square footage.[11]

In September 2017, Tom Axbey—who was previously at Rave Mobile Safety—joined as the new CEO and President.[12] VMware announced its intention to acquire CloudHealth Technologies on August 27, 2018. The acquisition is "part of the information technology company's continued push into cloud-based software services" according to Reuters.[13] The deal closed on October 4, 2018, and was reported to be in excess of $500 million.[14]

Technology

Delivered through a software as a service (SaaS) model, CloudHealth Technologies's platform collects and analyzes data from cloud computing services and other IT environments so clients can report on costs, inform their business models, and project future trends.[15] CloudHealth Technologies is compatible with Amazon Web Services, Microsoft Azure, Google Cloud Platform,[9] multicloud, and hybrid cloud environments.[16] CloudHealth Technologies has received Amazon Web Services(AWS) Education Competency status, AWS Migration Competency status and achieved SOC 2 Type 2 Compliance.[17]

Funding

As of June 2017, CloudHealth Technologies has raised a total of $85.7 million through four rounds of funding.

In March 2013, CloudHealth Technologies announced that it had secured $4.5 million in Series A funding. This round was led by .406 Ventures and Sigma Prime Ventures.[18]

In January 2015, CloudHealth Technologies secured $12 million in Series B funding. This round was led by Scale Venture Partners, .406 Ventures, and Sigma Prime Ventures,[19] and was followed by a $3.2 million extension round.[20]

In May 2016, CloudHealth Technologies announced $20 million in Series C funding, led by Sapphire Ventures, .406 Ventures, Scale Venture Partners and Sigma Prime Ventures.[21]

In June 2017, CloudHealth Technologies secured $46 million in Series D funding led by Kleiner Perkins Caufield & Byers with participation from Meritech Capital Partners, Sapphire Ventures, 406 Ventures, and Scale Venture Partners.[22]

Reception

In April 2016, Gartner recognized CloudHealth Technologies as a Cool Vendor, stating that "with the rise in public and private cloud computing, infrastructure and operations leaders are investing more in management, governance and policy enforcement."[23] In September 2016, CloudHealth Technologies was named to InformationWeek's list of 25 Cloud Vendors to Watch for 2017.[24] In November 2017, they were named a 2018 Vendor to watch by Information Week[25] and a Red Herring (magazine) Top 100 Global Winner.[26] In May 2018, CloudHealth was named a Leader in the Forrester Wave for Cloud Cost Monitoring and Optimization and a Strong Performer in the Forrester Wave for Hybrid Cloud Management in June.[27] 2018 was CloudHealth Technologies' 4th year in a row winning Boston Business Journal's Best Places to Work award.[28]

Competition

As of March 2023, CloudHealth Technologies competes with Cloudability by Apptio and CloudCheckr by NetApp.

References

  1. ^ "Working in Boston Tech: CloudHealth Technologies". Venture Fizz. July 18, 2017.
  2. ^ "CloudHealth Raises $46M Funding Round, Founder Calls Cloud 'One Of The Biggest Opportunities For The Channel'". CRN. June 28, 2017. Retrieved July 25, 2017.
  3. ^ "Daniel D. Phillips, Jr., Co-Founder at CloudHealth Technologies, Inc". Relationship Science. Retrieved July 18, 2017.
  4. ^ "CloudHealth Names Axbey CEO as Enterprise Cloud Spending Accelerates". Xconomy. September 21, 2017. Retrieved December 19, 2017.
  5. ^ "CloudHealth by VMware". Built in Boston. Retrieved May 13, 2024.
  6. ^ "CloudHealth Technologies Is Now Part Of VMware". www.cloudhealthtech.com. Retrieved January 28, 2019.
  7. ^ "CloudHealth Technology adds $3.2 million to Series A, expands cloud management platform". Retrieved July 18, 2017.
  8. ^ Scipioni, Jade (October 17, 2016). "Most Americans Don't Understand 'The Cloud,' But They Should". Fox Business. Retrieved July 18, 2017.
  9. ^ a b "CloudHealth Technologies, Inc.: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved July 18, 2017.
  10. ^ "David D. Eicher, Co-Founder at CloudHealth Technologies, Inc. - Relationship Science". relationshipscience.com.
  11. ^ Sperance, Cameron. "100 Summer St. Sees Surge In Tech Tenants". Bisnow Boston. Retrieved August 10, 2018.
  12. ^ Tsidulko, Joseph. "CloudHealth's New CEO Is Ready To Keep Scaling With A Red-Hot Market". CRN. Retrieved December 19, 2017.
  13. ^ Baker, Liana B. "VMware to acquire startup CloudHealth in push to grow cloud offerings". Reuters. Retrieved August 27, 2018.
  14. ^ Miller, Ron (August 27, 2018). "VMware acquires CloudHealth Technologies for multi-cloud management". TechCrunch. Retrieved August 27, 2018.
  15. ^ "CloudHealth Finds Path To Amazon Savings". InformationWeek. June 17, 2014.
  16. ^ Knorr, Eric. "Why cloud workload portability is a pipe dream". InfoWorld. Retrieved July 18, 2017.
  17. ^ "AWS Partner Network: CloudHealth Technologies". aws-partner-directory.com. Retrieved December 19, 2017.
  18. ^ "CloudHealth, $4.5M in Tow, Looks to Run Networking Playbook on the Cloud | Xconomy". Xconomy. March 12, 2013. Retrieved July 18, 2017.
  19. ^ "Cloud Management Software Provider CloudHealth Granted $12M in Funding". Web Host Industry Review. Retrieved July 18, 2017.
  20. ^ Castellanos, Sara (June 17, 2014). "Cloud analytics startup CloudHealth Technologies raises $3.2M, plans to hire and expand". www.bizjournals.com. Retrieved July 18, 2017.
  21. ^ "Cloud Management Firm CloudHealth Technologies Raises $20 Million". Web Host Industry Review. Retrieved July 18, 2017.
  22. ^ O'Brien, Kelly (June 27, 2017). "CloudHealth raises $46M from Kleiner Perkins as IPO march continues". www.bizjournals.com. Retrieved July 18, 2017.
  23. ^ "Cool Vendors in Cloud Management, 2016". www.gartner.com. Retrieved July 18, 2017.
  24. ^ "25 Cloud Vendors Worth Watching - InformationWeek". InformationWeek. Retrieved July 18, 2017.
  25. ^ "Cloud Vendors Leading the Charge in 2018". Information Week. Retrieved December 19, 2017.
  26. ^ "2017 Red Herring Top 100 Global: Winners". Red Herring. Retrieved December 19, 2017.
  27. ^ "The Forrester Wave Cloud Cost Monitoring and Optimization Report, Q2 2018: Top ten takeaways". www.wire19.com. June 22, 2018. Retrieved August 10, 2018.
  28. ^ "BBJ Announces 2018 Best Places to Work Honorees". www.bizjournals.com. Retrieved August 10, 2018.