Green Cloud Technologies Closes $5.6 Million More in Funding

Posted on May 28, 2014 at 7:13 am

Green Cloud Technologies has closed a .6 million Series C equity financing round Green Cloud Technologies has closed a $5.6 million Series C equity financing round

Infrastructure as a service startup Green Cloud Technologies announced on Thursday it has closed a $5.6 million Series C equity financing round that brings its total funding to date to $9.6 million.

The move comes a few months after Green Cloud Technologies appointed Dan Sterling president of the company.

Led by telecommunications carrier Millry Corporation, the funding will be used for Green Cloud’s to finance market expansion, sales and marketing and data center investments.

The company recently expanded into North Carolina’s Research Triangle market, and has plans to expand into the markets of South Florida, Atlanta, and the Gulf Coast.

Green Cloud provides infrastructure as a service offerings, including server virtualization, disaster recovery and hosted PBX services.

The company’s data centers house data and applications for businesses in a virtual environment that can be accessed from any Internet-enabled device.

Green Cloud sells its IaaS offerings through its sales channel. Additionally, the company has a partner program that consists of managed service providers, telecom distributors, integrators and consultants.

“Technically, this means that our network is geared to achieve timely, consistent deployments while being optimized for a multitude of environments and applications,” according to a description on the company’s website.

“We are excited about our follow-on investment in this exploding segment of the cloud ecosystem,” says Annice Jordan, CFO of Millry Corporation.

Last year, Green Cloud Technologies expanded its presence in Florida by opening a new office in Tampa and hiring two new sales executives.

Talk back: Are you currently offering cloud hosting or other cloud services Do you think Green Cloud Technologies will be able to successfully expand its market presence Let us know in the comments.

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