BetterCloud raised $75 million in financing round

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Sienna Rowley
Sienna is an editor at Cloud Host News. She is an internet enthusiast, always eager to explore the latest trend in the tech space. In her free time, she is a modest family woman who loves traveling.

In a blog post, BetterCloud declared that the company has raised $75 million in a financing round hosted by Warburg Pincus. Few others who participated in the round were investors Accel, Flybridge Capital Partners, Bain Capital Ventures, Greycroft, New Amsterdam Growth Capital, and e.ventures. In the blog post founder and CEO of BetterCloud, David Politis stated that the organization has introduced the latest IT category which includes all skills, processes, SaaSOps, and tools IT demands.

The company stated that with the adoption of work from home they have seen an increase of 50% growth in the utilization of its SaaS management platform.

Constant product improvements & innovation

The company explained how the funding round will help in achieving the goal of being a leader in SaaSops which will let companies explore, handle or control, and secure their cloud application in the best in the business world.

Founder and CEO of BetterCloud, David Politis stated that the company is capable to boost their product development and extend the number of supported SaaSOps use cases. David further added that as a matter of fact, solely in the last two months they have launched new Workflow Templates, tie-up with OneLogin, and Content Scanning for Microsoft SharePoint, Google Drive, and Box, Dropbox, OneDrive, and Slack.

Mr. Politis talking about clients said that the company will continue to deliver an outstanding experience for their clients who require the company’s support in this crisis more than ever. He thinks that in the last nine years they built a company culture that differentiates the company from its competitors. Additionally, they will continue to dominate the SaaSOps community and movement for the growth of IT and change their role.

The company stated it has more further than 2,500 clients in more than 60 countries, and a staff of around 300 people.

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