Introduction of pax8 96m wirehivevizardventurebeat
pax8 96m wirehivevizardventurebeat, a cloud-based solution provider for IT service providers, has raised $96 million in funding. The company, which was founded in 2014 by former AppDirect CEO and CEO of Zuora, Michael Lee, is now looking to acquire Wirehive, a cloud-based solution provider that focuses on helping businesses automate their customer lifecycle management processes.
Company’s initial funding round
The company’s initial funding round was led by Andreessen Horowitz, with participation from existing investors including Accel Partners, DCM, Great Ventures, GV, Lightspeed Venture Partners, and Thrive Capital. The company raised $96 million in Series C funding in May 2018. Pax8 is a software platform that makes it easier for businesses to automate their infrastructure and operations. The platform allows IT services providers to centralize their billing, provisioning, and management of cloud-based applications, and provides a set of tools to help IT teams manage their workloads. Pax8 was founded in 2014 and has raised more than $105 million to date.
The Pax8 is an enterprise software company
And Pax8 is an enterprise software company that provides technology to help businesses better manage their cloud computing environments,” says CEO and founder, Jason McPherson. “We’re pleased to announce the closing of our latest round of funding led by Insight Venture Partners, with participation from existing investors, including Bessemer Venture Partners, Cross Culture Capital, and Accel. We look forward to continuing to drive the adoption of cloud computing and the growth of our business through this new partnership.”
Insight Venture Partners
We are very excited to have Insight Venture Partners join us in our continued growth. pax8 96m wirehivevizardventurebeat has the ability to help companies of all sizes to manage their cloud environments, automate key parts of the process, and get more visibility into their cloud environments,” says Andrew Lee, CEO, and Founder at Pax8. “Pax8 provides a scalable platform that allows IT, service providers, to quickly deploy the necessary tools to address their customers’ needs. This funding will allow us to expand our team to accelerate our global expansion.”
Founded in 2013, Wirehive, a cloud-based solution provider, offers automation, compliance, and security solutions to help companies manage their customer lifecycle management processes.
Pax8 is a cloud-based solution provider that makes it easier for businesses to automate their infrastructure and operations,” says Jason McPherson, CEO, and co-founder of Pax8. Our platform enables businesses to deploy, scale and operate their cloud applications in a single pane of glass, making it easier to manage workloads and resources across any application lifecycle.
In 2015, Pax8 raised $21 million in its Series B funding round, the most significant single financing in Pax8’s history. Pax8 is also backed by Accel Partners, Bessemer Venture Partners, Cross Culture Capital, Grotech Ventures, Kenexa, Lerer Hippeau Ventures, Matrix Partners, Mohr Davidow Ventures, NTT Docomo, North Bridge Venture Partners, and Thrive Capital.
Insight Venture Partners (IVP) is a leading independent venture capital firm focused on the life sciences and healthcare industries, investing over $1.7 billion since inception in 1989.
