Cloudyn Raises $11M In Series B, Led By Carmel Ventures

December 14, 2015 | Israeli cloud optimization company Cloudyn announced today that it has closed a Series B round of financing in the amount of $11 million. The round was led by Carmel Ventures, a member of the Viola Group, with participation of previous investors, Titanium Investments and RDSeed, a collaboration of Rafael and Elron Electronics (ELRNF). Cloudyn will use the proceeds to further its market share and brand, as well as to further develop its product. Founded in 2011 and led by CEO Sharon Wagner, Cloudyn helps enterprises to shift their operations to the cloud with hybrid, multi-layered solutions.