CloudHealth Technologies was co-founded by Dan Phillips and Joe Kinsella in 2012. Dave Eicher joined as Co-Founder in January 2013. In May 2016, the company announced plans to expand from its Boston headquarters with branch offices in San Francisco, London, Washington, D.C., Sydney, Amsterdam, Tel Aviv, and Singapore. Headquarters moved in Boston from Fort Point to 100 Summer Street in the Spring of 2018, tripling in square footage. In September 2017, Tom Axbey—who was previously at Rave Mobile Safety—joined as the new CEO and President. VMware announced its intention to acquire CloudHealth Technologies on August 27, 2018. The acquisition is "part of the information technology company’s continued push into cloud-based software services" according to Reuters. The deal closed on October 4, 2018.
Technology
Delivered through a software as a service model, CloudHealth Technologies's platform collects and analyzes data from cloud computing services and other IT environments so clients can report on costs, inform their business models, and project future trends. CloudHealth Technologies is compatible with Amazon Web Services, Microsoft Azure, Google Cloud Platform, multicloud, and hybrid cloud environments. CloudHealth Technologies has received Amazon Web Services Education Competency status, AWS Migration Competency status and achieved SOC 2 Type 2 Compliance.
Funding
As of June 2017, CloudHealth Technologies has raised a total of $85.7 million through four rounds of funding. In March 2013, CloudHealth Technologies announced that it had secured $4.5 million in Series A funding. This round was led by.406 Ventures and Sigma Prime Ventures. In January 2015, CloudHealth Technologies secured $12 million in Series B funding. This round was led by Scale Venture Partners,.406 Ventures, and Sigma Prime Ventures, and was followed by a $3.2 million extension round. In May 2016, CloudHealth Technologies announced $20 million in Series C funding, led by Sapphire Ventures,.406 Ventures, Scale Venture Partners and Sigma Prime Ventures. In June 2017, CloudHealth Technologies secured $46 million in Series D funding led by Kleiner Perkins Caufield & Byers with participation from Meritech Capital Partners, Sapphire Ventures, 406 Ventures, and Scale Venture Partners.
Reception
In April 2016, Gartner recognized CloudHealth Technologies as a Cool Vendor, stating that “with the rise in public and private cloud computing, infrastructure and operations leaders are investing more in management, governance and policy enforcement.” In September 2016, CloudHealth Technologies was named to InformationWeek’s list of 25 Cloud Vendors to Watch for 2017. In November 2017, they were named a 2018 Vendor to watch by Information Week and a Red Herring Top 100 Global Winner. In May of 2018, CloudHealth was named a Leader in the Forrester Wave for Cloud Cost Monitoring and Optimization and a Strong Performer in the Forrester Wave for Hybrid Cloud Management in June. 2018 was CloudHealth Technologies’ 4th year in a row winning Boston Business Journal's Best Places to Work award.
