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Home > Cloud Computing > BetterCloud raised $75 million

BetterCloud raised $75 million

BetterCloud announced that the company has raised $75 million in a financing round led by Warburg Pincus.

Erdem Yasar by Erdem Yasar
May 21, 2020
in Cloud Computing
1 min read
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BetterCloud announced in a blog post the company has closed a $75 million financing round led by Warburg Pincus, alongside existing investors Accel, Bain Capital Ventures, Flybridge Capital Partners, New Amsterdam Growth Capital, Greycroft, and e.ventures have also participated. David Politis, founder and CEO of BetterCloud also stated in the blog post that the company introduced a new IT category, SaaSOps, all the new processes, skills, and tools IT needs.

Continuous product advancements & innovation

David Politis, founder and CEO of BetterCloud
David Politis, founder and CEO of BetterCloud

The company also stated that the funding round will help the company continue to achieve the vision of being the leader in SaaSOps, enabling companies to discover, manage, and secure their cloud applications in a best-of-breed world. David Politis, founder and CEO of BetterCloud also said,

“We’ll be able to accelerate our product development and expand the number of supported SaaSOps use cases. In fact, in the past two months alone, we’ve launched new Workflow Templates, a partnership and integration with OneLogin, and Content Scanning for Google Drive, Microsoft SharePoint and OneDrive, Box, Dropbox, and Slack.

We’ll continue delivering an outstanding experience for our customers, who need us more than ever. Our company culture, which we’ve been building over the past nine years, is a powerful differentiator. In addition, we’ll keep championing the SaaSOps community and movement in order to elevate IT and transform their role.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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