Unitas Global, a provider of managed hybrid cloud solutions, has secured $10 million in funding from lead investor Boathouse Capital.
All existing investors, including Series A co-lead investors MK Capital and Azure Capital participated in the round. The hybrid cloud solutions company did not disclose the total capital it mobilized till today.
Unitas Global will utilize the financing for making investment in its software platforms that make hybrid cloud easier to consume and manage. The company will also invest to expand solutions and accelerate growth globally.
Unitas Global has earmarked the new capital primarily for the continued development of its highly popular enterprise cloud solutions and related IP.
It will launch a technology platform in 2018 focused on unifying hybrid cloud management, application orchestration, system and application performance monitoring, and cloud connectivity into a single seamless user experience.
Unitas Global CEO Patrick Shutt said: “This capital allows us to expand our solutions team in order to better capture the revenue opportunity, as well as develop highly differentiated technology that supports our mission of simplifying cloud technologies for enterprise organizations.”