Cloudsmith raise $15 million Series A from Tiger Global
We're very excited to be backing the Cloudsmith team again as part of their Series A alongside Tiger Global, Shasta, Amaranthine, Sorenson, Leadout Capital, Frontline, and Techstart.
The Belfast-headquartered startup allows businesses to easily update and send software around their business using the cloud, eliminating the need to hire dedicated support staff to handle expensive and unwieldy on-premises solutions.
Current on-premises solutions often require businesses to pay for dedicated staffing, VPNs and licences. Cloudsmith’s cloud-native solution eliminates the need for these expenses, vastly simplifying the system needed through its continuous packaging method.
“Cloudsmith was built to tackle the complexity of managing software assets, which is a key challenge for any company to secure their software supply chains. Our service allows our customers to track and control the distribution of any software asset and provides tooling to minimize the risks of utilizing open-source software. It’s a massive problem for the whole industry and our investors, led by Tiger Global, understand the need for a fully managed cloud-native solution that Cloudsmith provides.”Alan Carson, Cofounder & CEO, Cloudsmith
The landmark raise is the largest ever Series A funding round in Northern Ireland and is the largest technology funding round in Northern Ireland since 2005, according to PitchBook data. The company plans to use the new funding to hire 60 new employees and expand its US sales and engineering teams.
You can read more on the fundraise via VentureBeat.
Or check out the roles Cloudsmith is hiring for on the MMC jobs board.