New USD11m Cloudyn investment led by Carmel Ventures

Multi-cloud monitoring and optimization solutions provider Cloudyn has closed a Series B round of financing for USD11 million, the company said.

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).

The company also announced that Ronen Nir, general partner at Carmel, will join its board of directors.

Currently monitoring more than 200,000 virtual machines and over 12,000 concurrent applications, Cloudyn will use the proceeds to further its market share and brand, as well as continue advancing first-to-market solutions to ensure customer delight.

Cloudyn provides multi-cloud monitoring and optimization of private and public clouds.