Wellington Financial invests $6 mln in VC-backed Electric Cloud
Canadian specialty finance firm Wellington Financial has invested US$6 million in Electric Cloud, a San Jose, California-based DevOps release automation platform. Electric Cloud, whose technology solutions help organizations to deliver software faster by automating and accelerating build, deployment and release processes, also secured US$5 million from Bridge Bank. The company said the funds raised will support operational expansion and further product development. Electric Cloud is backed by Rembrandt Venture Partners, US Venture Partners, RRE Ventures and Siemens Venture Capital.
13 February 2017•5 mins read
