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Cloud computing investment deals globally have skyrocketed amid COVID-19

It is not any surprise that cloud infrastructure guarantees agencies to be flexible and agile. As it offers a comfortable and faster manner of enterprise transformation answer, organisations are gradually turning to the cloud. They are making an investment closely in cloud computing service vendors to get the maximum out of this infrastructure and supply more suitable services whilst driving innovation. Since cloud generation has pushed extensive growth elements throughout industries, IDC anticipates that over 500 million virtual apps and services may be constructed and deployed using cloud-native tactics by 2023. Thus, as an increasing number of companies transition to the cloud, the year 2020 has visible an growing wave of investments in cloud computing startups thus far.

Here’s a look at the pinnacle 10 cloud computing investments and funding of 2020.

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Amount Raised: US$479 Million

Transaction Type:

Key Investor(s): Dragoneer Investment Group and Salesforce Ventures

Snowflake, a cloud statistics platform that gives a statistics warehouse-as-a-provider designed for the cloud raised a whopping amount of US$479 million in a Series G round in February, bringing the agency’s valuation to US$12.Four billion. The round turned into led by new buyers Dragoneer Investment Group and Salesforce Ventures. Snowflake’s information warehouse-as-a-provider platform is built for the cloud, focusing on an instant, secure, governed get right of entry to to an entire network of facts, and is built to permit a diffusion of information workloads, including a single platform for growing modern-day information packages.


Amount Raised: US$2 hundred Million

Transaction Type: Series C

Key Investor(s): Spark Capital

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Cloud communications corporation MessageBird that connects businesses to their clients on billions of devices global raised US$200 million in a Series C spherical in October. The funding round turned into led with the aid of Spark Capital, with additional backer Bonnier, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners and NewView Capital as well as present traders Accel, Atomico and Y Combinator. This sparkling fund will permit MessageBird to growth its international group and further increase into its middle markets in Europe, Asia and Latin America.


Amount Raised: US$one hundred seventy five Million

Transaction Type: Series E

Key Investor(s): Franklin Templeton Investments

HashiCorp, a San Francisco, CA-based totally open-supply software program organisation, in March acquired US$a hundred seventy five million in a Series E financing spherical from Franklin Templeton Investments. With this spherical, the organisation’s overall valuation reached US$five.1 billion.

Cato Networks

Amount Raised: US$one hundred thirty Million

Transaction Type: Series E

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Key Investor(s): Lightspeed Venture Partners

Cato Networks, the company of the arena’s first SASE platform, in November closed US$130 million, its biggest funding spherical so far. Led by way of Lightspeed Venture Partners with the participation of a new investor, the new price range will reinforce Cato’s monetary position and accelerate its SASE marketplace and technology enlargement strategy.


Amount Raised: US$128 Million

Transaction Type: Series F

Key Investor(s): Lone Pine Capital, Schonfeld Strategic Advisors

The main provider of debts payable (AP) and price automation solutions for the center market AvidXchange in April raised US$128 million in Series F financing spherical. The spherical become oversubscribed with a complete of over US$388 million raised and includes the organisation’s previously introduced last of US$260 million in fairness financing earlier this yr. This state-of-the-art fund permits AvidXchange to help strategic boom tasks and persisted innovation, supporting each consumers and suppliers automate their AP and bills processes.


Amount Raised: US$36 Million

Transaction Type: Series C

Key Investor(s): Amazon Web Services (AWS)

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Weaveworks, which simplifies working Kubernetes workloads and gives a developer-centric working version for cloud-native programs, sealed US$36.65 million in a Series C investment round in December. AWS, Ericsson, Orange Ventures, SonaeIM and Telekom Investment Pool (TIP) and observe-on buyers Accel, GV, and Redline Capital led the round. Weaveworks plans to utilize the capital to beautify its platform and stimulate marketplace expansion.


Amount Raised: US$70 Million

Transaction Type: Series C

Key Investor(s): T. Rowe Price

FLEXE, issuer of a warehousing technology platform that allows businesses make bigger their distribution community, in December secured US$70 million in a Series C round. This financing round turned into led by way of new investor T. Rowe Price, along side present backers Activate Capital, Tiger Global, Madrona Venture Group, Redpoint Ventures, Prologis Ventures, and others. As FLEXE’s total funding reached US$134 million so far, the new fund will enable the business enterprise to multiply its engineering crew and develop its sales arm.

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Amount Raised: US$16 Million

Transaction Type: Series C

Key Investor(s): Access Industries

DigitalOcean, a provider of the cloud platform to deploy, manipulate, and scale programs of any size, in May secured US$50 million in a Series C financing spherical. Led by using Access Industries, together with Andresseen Horowitz (a16z), the company’s overall valuation reached US$1.15 billion.


Amount Raised: US$24 Million

Transaction Type: Series B

Key Investor(s): Saudi Aramco Energy Ventures (SAEV)

The leader in production and Industrial Internet of Things (IIoT) superior analytics software Seeq Corporation closed US$24 million in a Series B funding in January. The spherical changed into led by way of SAEV, with renewed participation from Altira Group, Chevron Technology Ventures, Second Avenue Partners, and different existing investors. The funding will expedite Seeq’s growth of development, sales, and marketing assets, in addition to accentuate its presence in global markets.

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Concourse Labs

Amount Raised: US$15.2 Million

Transaction Type: Series A

Key Investor(s): ForgePoint Capital

Concourse Labs stimulating business enterprise virtual transformation through computerized cloud governance in June raised US$15.2 million in Series A funding round. Led by ForgePoint Capital, with present investors 83North and Capri Ventures, the organisation plans to use the fund to enlarge income and advertising and marketing efforts, scale operations, and expand and boost up product development.

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