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CoreStack Ends US $ 30 Million Series B Financing Round Led by Avatar Growth Capital

Chennai (Tamil Nadu) [India], November 25 (ANI / PRNewswire): CoreStack, a global multi-cloud governance SaaS provider, today announced a US $ 30 million Series B funding round led by Avatar Growth Capital, Dallas Venture Capital (DVC), Iron. Pillar, and other angel investors.

This brings CoreStack’s total funding to US $ 45 million, following Series A in March 2020, highlighting the growing demand for multi-cloud governance solutions. With this funding, CoreStack will be able to leverage AI-powered, continuous and autonomous cloud governance on a large scale to continue rapid growth and innovation while strategically advancing expansion into new markets. I can do it. Abhay Havaldar, Managing Director of Avatar Growth Capital, will join CoreStack’s Board of Directors with the required legal permission.

“CoreStack’s unique and innovative end-to-end cloud governance platform is a pioneer in the industry. The rapid adoption of CoreStack by companies supports the transformative value that solutions can provide, and we are in leadership. I’m really impressed with the progress that the team and the company have made. ” “CoreStack’s overall approach to cloud-native governance is the missing link that enterprises need to get the most out of their cloud deployments. Helping a fast-growing customer base maximize ROI in the cloud. We are pleased to partner with CoreStack on this mission: “CoreStack’s proactive approach to AI-powered cloud-native governance is cloud approach as proprietary code, orchestration framework, deep AI / ML, and patents. We are using an acquired connectorless model.

Ezhilarasan Natarajan, CEO of CoreStack, said: “The adoption of enterprise cloud solutions has seen a significant post-pandemic increase. CoreStack provides compliance, security, operations, costs, new partnerships with Avatar Growth Capital and continued support for existing investors. Thanks to that, we are excited to expand and innovate. CoreStack is constantly pursuing our goal of becoming a customer-trusted benchmarking technology. ”Series B funding is in product innovation. It is the result of significant advances in CoreStack, remarkable growth of customers, and partnerships with Amazon AWS, Microsoft Azure, and Google Cloud.

Despite the pandemic, CoreStack has been continuously adopted by large companies, confirming the significant acquisition of the new customer logo, along with the appointment of key executives. CoreStack is a Google Cloud Build Partner, Microsoft Azure Gold Co-Sell Partner, and Amazon AWS Advanced Technology Competency Partner.

This story is provided by PR Newswire. ANI is not responsible for the content of this article. (ANI / PRNewswire)

CoreStack Ends US $ 30 Million Series B Financing Round Led by Avatar Growth Capital

Source link CoreStack Ends US $ 30 Million Series B Financing Round Led by Avatar Growth Capital

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