KPN Ventures provides growth capital to cloud & edge orchestration company Cloudify
Rotterdam, 13-12-2018 – KPN Ventures, the venture capital investment arm of KPN, announced today it has participated in the $7M financing round of Cloudify, a cloud management and orchestration company. Cloudify, based in Herzliya, Israel enables service providers and enterprises to automate, manage and virtually transform their network and application services from their core location to branches and multi-access edge devices.
In addition to KPN Ventures, CreditEase Israel Innovation Fund and existing investors including Claridge Israel, BRM Group and VMware participated in the $7 million financing round. The growth capital will be used to further accelerate the international expansion and to build the partner ecosystem in order to support customer success.
The company assists many large organizations in their digital transformation by offering a solution that enables them to be flexible and to have a multi-cloud environment combined with faster adoption of new technologies. For KPN, Cloudify offers an open source solution to manage the complexity of network virtualization. The Cloudify orchestration solution is vendor agnostic and flexible to adapt to interfaces in networks and IT landscapes, and enables infrastructure management and any virtual network functions.
Herman Kienhuis, managing director of KPN Ventures: “The team at Cloudify has developed one of the most flexible open source cloud orchestration platforms available today. This offers great benefits in the digitalization and virtualization of companies and their IT infrastructure; also for KPN and its customers.”
Ariel Dan, CEO of Cloudify: “Network virtualization and automation of IT elements from core to edge are key parts of our growth strategy. KPN is leading the digital transformation innovation, and we are excited to have them on board, and partner with them in this journey.”
Cloudify was established in 2014 by its parent company, GigaSpaces Technologies. In July 2017, Cloudify became independent in order to focus on the fast-growing market for management and orchestration of cloud applications, network functions virtualization (NFV), and edge devices.