Cloud Company Cloudify Raises $7 Million

Open-source cloud orchestration company Cloudify Platform Ltd. has completed a $7 million financing round, the company announced Friday. KPN Ventures, the investment arm of Dutch telecommunication company KPN BV, CreditEase Israel Innovation Fund, Claridge Israel, BRM Group, and VMware also participated in the round.

Cloudify offers an open source cloud management platform designed to connect to any cloud, device, or third-party automation tool and streamline network automation. The company was established in central Israel in 2014 as a spinoff from parent company GigaSpaces Technologies, becoming an independent company in 2017.