Category Archives: Google Ventures

Hyrbid cloud management vendor CliQr scores $20m from Polaris Partners, Google

CliQr has raised $20m in its third round of funding, which the vendor said will be used to bolster its international expansion

CliQr has raised $20m in its third round of funding, which the vendor said will be used to bolster its international expansion

CliQr, a provider of hybrid cloud management services, has secured $20m in series C funding in an investment round led by Polaris Partners with participation from Foundation Capital, Google Ventures and TransLink Capital.

It can be tricky managing workloads that sit on diverse public and private cloud platforms, within one pane of glass, and even more difficult making sure those workloads port over to different cloud platforms that are distributed to varying degrees.

That’s the space CliQr fills with its flagship software offering, Cloud Centre; the company says its offering is based on proprietary “app-centric” technologies that enable hybrid cloud workload lifecycle management without having to do any scripting or tweaking under the hood of the migrated apps.

The latest funding round, which brings the total amount secured by the company since its founding to $38m, will be used to bolster CliQr’s expansion globally.

“CliQr built its technology and reputation by listening to customers about their requirements for the cloud,” said Gaurav Manglik, chief executive officer and co-founder of CliQr.

“To meet our customers’ needs, we are delivering on our vision for unshackling applications from the complexity of ever-changing hybrid cloud environments. Our approach is validated by a strong product platform, enterprise customers, worldwide partners and top-tier investors. We’re ready to put this new investment to work by helping us expand globally to meet skyrocketing demand for our platform,” Manglik said.

Google Ventures Backs DocuSign

DocuSign announced today that Google Ventures has joined in the company’s most recent financing round, bringing the total Series D funding to $55.7 million. Google Ventures joins investment lead Kleiner Perkins Caufield & Byers, along with Accel Partners, Comcast Ventures, SAP Ventures, and a large global institutional investor in this round. The company will use the funds to accelerate growth of the DocuSign Global Network via increased customer-focused R&D, deeper vertical industry solutions, and faster international expansion.

DocuSign’s secure, cloud-based platform helps consumers and businesses of all sizes and industries to complete transactions faster by eliminating the hassles, costs, and lack of security inherent in printing, faxing, scanning, and overnighting documents to capture information, payments and signatures. Companies use DocuSign to create better customer experiences and save money by automating and streamlining their business processes.

“The investment by Google Ventures highlights DocuSign’s value as a tech disruptor across the web and mobile platforms, from consumers to global enterprises,” said Keith Krach, DocuSign chairman and CEO. “DocuSign has become the global standard for eSignature by building a viral network of more than 20 million users that attracts 60,000 new users every day.”

“Electronic signatures are being rapidly adopted by enterprises, small businesses and consumers worldwide due to their convenience, security and ease of use,” said Karim Faris, partner, Google Ventures. “DocuSign’s market momentum, deep technology and strong team attracted us to them and we are excited to be working with the company as they scale their business worldwide extending their reach to hundreds millions of consumers.”

Global enterprises, business departments, individual professionals and consumers are standardizing on DocuSign, with 60,000 new users joining the DocuSign Global Network every day. Today, that network includes 20 million users who have DocuSigned more than 150 million documents in 188 countries – including employees at 90 percent of the Fortune 500. DocuSign is used to finish business faster across nearly every industry – from financial services, insurance, technology, healthcare, manufacturing, communications, real estate, consumer goods to higher education and others – as well every business department, including sales, finance, operations, procurement, HR/staffing, legal, and customer support.