PCaaS Provider @BlueBox Closes $10 Million Series B Financing [#Cloud]

Blue Box has closed a $10 million Series B financing.
The round was led by a strategic investor and included participation from prior investors including Voyager Capital and Founders Collective, as well as the Blue Box executive team.
This round follows a $4.3 million Series A closed in December of 2012 and led by Voyager Capital. In May of this year, the company announced general availability of its private cloud as a service offering, Blue Box Cloud. Since that release, the company has demonstrated market validation through customer adoption, positive reviews from industry analysts and key additions to the company’s technology and commercial teams.
This financing will allow the company to build on its successes over the past year and fuel continued technical innovation, significant growth of the engineering team and continued expansion of the company’s partnership, sales, and marketing programs. Specifically, the company will increase development of its proprietary management suite, Box Panel, with additional capabilities to support features valuable to customers and partners. The company will increase investment in both technical and channel partnerships while expanding sales and marketing teams and programs.
Eric Mandl of Guggenheim Securities advised Blue Box on the transaction.

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