devxlogo

Verizon Invests in CloudBees PaaS

Verizon Invests in CloudBees PaaS

Verizon Ventures, the venture capital arm of Verizon, has announced that it will invest in the CloudBees platform as a service (PaaS). The two companies had a previous relationship as Verizon recently announced that the Java-centric cloud development service would be part of the Verizon Cloud.

Altogether, CloudBees raised $11.2 million in a Series C round of funding. Other VCs investing in the PaaS in this round included Blue Cloud Ventures, Matrix Partners and LightSpeed Venture Partners.

CloudBees is positioning itself as an “enterprise-class” alternative to Amazon’s cloud computing services.

View article

devxblackblue

About Our Editorial Process

At DevX, we’re dedicated to tech entrepreneurship. Our team closely follows industry shifts, new products, AI breakthroughs, technology trends, and funding announcements. Articles undergo thorough editing to ensure accuracy and clarity, reflecting DevX’s style and supporting entrepreneurs in the tech sphere.

See our full editorial policy.

About Our Journalist