CloudBolt Raises $35M to Accelerate Hybrid Cloud Innovation

CloudBolt, a leading hybrid cloud management platform based in Bethesda, Maryland, has announced a \(35 million Series B funding round. The investment comprises \)15 million in equity and \(20 million in venture debt, bringing the company's total funding to over \)61 million.

Investment Breakdown and Strategic Vision

  • Equity Investment: $15M led by Insight Partners
  • Venture Debt: $20M provided by Hercules Capital and Bridge Bank
  • Total Funding: $61M+ to date (per Crunchbase)

CEO Jeff Kukowski emphasized that CloudBolt addresses critical challenges in cloud and DevOps management: “Most organizations already operate in hybrid, multi-cloud environments with diverse toolchains. We help them automate, secure, and optimize workloads across this complexity.”

Addressing Cloud Complexity Through Strategic Growth

CloudBolt closed this funding round at the end of Q3 2020 and immediately deployed capital through two strategic acquisitions:

  1. Kumolus (2011-founded): Enhances public cloud management capabilities

    • Previously raised $1.7M
    • Extends CloudBolt’s on-premises-to-cloud vision

  2. SovLabs: Early-stage startup specializing in VMware automation frameworks

Company Growth and Diversity Initiatives

With 170 employees and ~200 customers, CloudBolt reports 40-50% year-over-year growth. The company has implemented a three-pronged diversity strategy:

  • Regular education on inclusion and social justice
  • Diversity-focused recruitment practices
  • Internal committee driving ongoing initiatives

“COVID accelerated our remote work capabilities, allowing nationwide hiring,” noted Kukowski. “While we value digital collaboration, we anticipate maintaining in-person connections as part of our culture long-term.”

The Future of Hybrid Cloud Management

As organizations grapple with cloud sprawl and toolchain fragmentation, CloudBolt positions itself as a unifying platform that:

  • Simplifies multi-cloud operations
  • Enhances cost control and compliance
  • Bridges legacy and cloud-native infrastructure

The Series B funding will further accelerate product development and market expansion in the rapidly evolving cloud management sector.

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