Cloud Management Firm CloudHealth Technologies Raises Million

Cloud management software provider CloudHealth Technologies announced Tuesday it has raised $20 million to increase support for all enterprise cloud environments in a series C funding round led by Sapphire Ventures. Sapphire joins existing investors Scale Venture Partners, .406 Ventures, and Sigma Prime Ventures, and managing director Jai Das will join the CloudHealth board of directors.

Between the three funding rounds CloudHealth has now raised $40 million in total. The first was in 2013, and Ariel Tseitlin of ScaleVP joined CloudHealth’s board in the $12 million B round just over a year ago. CloudHealth said it will spend its current funding round on sales, marketing, engineering, support, and “customer success.”

“Sapphire Ventures has a proven track record of creating global category leaders, which is why we are proud they are leading this round,” said CloudHealth Technologies CEO and co-founder Dan Phillips. “Sapphire engaged with us immediately after we closed our B round and spent the following year learning about our business and culture. During that time, the Sapphire team provided tremendous value to us and aligned very well with our culture. It was an ideal process with a VC in terms of the value and commitment they demonstrated.”