UPDATE: Discovery Communications (DISCA) Invests in Latest DivvyCloud Round

November 29, 2016 7:02 AM EST

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
(Updated - November 29, 2016 10:53 AM EST)

DivvyCloud, a leading developer of innovative technology to automate and manage cloud infrastructure, announced today that Discovery Communications has invested in its latest round of funding, contributing to the more than $3M the three-year-old startup has raised from venture capital and angel investors to date.

Discovery Communications (NASDAQ: DISCA) made the decision to invest in DivvyCloud after being an enterprise customer for over a year. “Given the value that DivvyCloud has delivered to Discovery in our adoption of the cloud, we see a real potential for growth that we’re excited to be a part of,” said John Honeycutt, Discovery Communications Chief Technology Officer. “The leadership team at DivvyCloud brings a compelling mix of deep technical expertise and operational experience to support critical enterprise solutions at scale.”

DivvyCloud’s BotFactory solution is unique in the marketplace with its ability to track real-time changes within cloud infrastructure and take customer-defined, automated actions to fix problems and ensure policy compliance. Customers can leverage over 100 standard automation Bots to address a wide range of security, cost and compliance challenges commonly faced by any organization adopting cloud infrastructure.

The underlying DivvyCloud platform is fully extensible, allowing developers the freedom and flexibility to address specific use cases and integrate other enterprise systems or data sources. The platform harvests and normalizes data and lifecycle controls across all the leading cloud platforms (AWS, GCP, Azure, OpenStack, VMware and others) to reduce complexity and protect customers against cloud vendor lock-in.

“We are very pleased with the confidence Discovery has shown in DivvyCloud by making this investment,” said DivvyCloud CEO Brian Johnson. “Technology companies increasingly rely on the cloud to deliver value to their customers and DivvyCloud helps ensure these cloud strategies scale effectively.”

(Update corrects headline and removes reference to amount invested by Discovery Communications)

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Corporate News

Add Your Comment