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§ Private Profile · Rockville, MD, USA
Provides enterprise hybrid cloud management solutions for IT and DevOps teams, focused on AI/ML Augmented FinOps.
CloudBolt Software, Inc. has raised $58.0M across 2 funding rounds.
Key people at CloudBolt Software, Inc..
CloudBolt Software, Inc. has raised $58.0M in total across 2 funding rounds.
Based in Rockville, Maryland, CloudBolt Software provides enterprise hybrid cloud management and integration solutions to deploy, manage, and optimize virtual machines and applications across private data centers and public clouds like AWS, Azure, and Google Cloud. The platform focuses on automating and securing cloud workloads while addressing shadow IT and integration challenges for enterprise IT and DevOps teams. Utilizing artificial intelligence and machine learning, the company delivers augmented financial operations capabilities for continuous cloud lifecycle optimization to maximize return on investment. The venture-funded enterprise software provider has raised $61.6 million in total equity and debt financing, including a $35 million Series B round backed by institutional investors Insight Partners, Hercules Capital, and Bridge Bank. Founded in 2012, the independent FinOps leader recently announced monumental growth in 2024 under the leadership of chief executive officer Craig Hinkley.
Key people at CloudBolt Software, Inc..
CloudBolt Software, Inc. has raised $58.0M across 2 funding rounds. Most recently, it raised $35.0M CloudBolt - Series B in November 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 21, 2020 | $35M Series B | Thomas Krane | Rick Rudman, TIM Whall | Announced |
| Jun 21, 2018 | $23M Series A | Philip Vorobeychik | — | Announced |
CloudBolt Software, Inc. has raised $58.0M in total across 2 funding rounds.
CloudBolt Software, Inc.'s investors include Thomas Krane, Rick Rudman, Tim Whall, Philip Vorobeychik.
CloudBolt Software, Inc. is a leading provider of a hybrid cloud management platform that automates provisioning, optimizes costs, and governs resources across multi-cloud and hybrid environments.[1][2][3][4] It serves enterprises, MSPs, cloud resellers, and distributors by solving cloud complexity through self-service IT, FinOps, security, and integrations, enabling rapid time-to-value while cutting waste by up to 60% via AI-driven tools like anomaly detection and Kubernetes rightsizing.[1][4] Backed by Insight Partners, the company has demonstrated strong growth, with $33.3 million in revenue, 162 employees, and repeated recognition on Deloitte Fast 500 and Inc. 5000 lists, plus a 2020 CODiE award and Gartner Magic Quadrant placement.[1][2]
CloudBolt Software originated in 2011 with the release of version 2.0 of its platform, initially supporting VMware and HP Server Automation, before rebranding from its original name in 2012 to avoid conflict with an IBM product.[3][5] The company evolved rapidly, expanding to AWS and OpenStack in 2012, adding Azure and Google Cloud in 2013, and continuing with integrations like Kubernetes (2015), Terraform (2019), and AI optimizations.[3] Key milestones include its 2013 inclusion in Dell Cloud for US Government and consistent product upgrades through 2019, reflecting a pivot from basic VM management to comprehensive hybrid/multi-cloud orchestration amid rising cloud adoption.[3]
CloudBolt rides the explosive growth of hybrid and multi-cloud adoption, where enterprises manage sprawling environments amid rising costs and complexity from tools like AWS, Azure, and Kubernetes.[1][3][4] Its timing aligns with FinOps maturity and AI optimization demands, as cloud spending surges while organizations seek 30-60% savings through governance and rightsizing—countering waste from overprovisioning and OOMKills.[2][4] Market forces like expanding SaaS-cloud boundaries (e.g., recent CloudEagle.ai partnership) and regulatory pressures favor its unified platform, influencing the ecosystem by enabling MSPs to resell efficiently and accelerating IT from cost centers to drivers.[1][4]
CloudBolt is poised to capitalize on deepening FinOps practices and AI-enhanced cloud management, with expansions into SaaS optimization and Kubernetes scaling driving further growth beyond its current $33M revenue trajectory.[1][4] Trends like automated multi-tool governance and edge-hybrid computing will shape its path, potentially elevating its Gartner positioning and partnerships. As cloud ROI pressures intensify, CloudBolt's ability to simplify complexity positions it to transform more enterprises from reactive IT to proactive value creators, solidifying its leadership in hybrid cloud management.[1][2][4]