Cloud disaster recovery startup CloudVelox has raised $15 million in Series C financing, bringing the total raised to $33 million. Cisco Investment, Mayfield Funds, Pelion Venture Partners and Third Point Ventures all participated in the round. The company will use the funds to build out its sales and marketing departments and expand its product development. “This is a key milestone for CloudVelox, which supports our view of the market for hybrid cloud automation software,” said Rajeev Chawla, chief executive officer of CloudVelox. “The funding will help us to continue our product leadership while scaling our teams and resources for growing market demands for automated cloud DR and migration.”
Bivarus, a healthcare analytics company, has raised $1.9 million in a round of funding led by Excelerate Health Ventures. Bivarus aims to help with the frustration experienced in outpatient service lines, community based clinics and group practices, in trying to acquire precise data on patient experience. “The market is well established, but has seen little innovation throughout the years. Physicians and nurses continue to express their frustration with tools that are overly focused on external benchmarking. It’s a market ripe for disruption,” noted Gary Abrahams, Managing Partner, Excelerate Health Ventures. “We have talked with dozens of physicians and healthcare leaders who haven’t been well served by the status quo and are desperately searching for alternatives. With Bivarus, providers ‘in-the-trenches’ now have more precise data they can actually act upon to make appropriate improvements.”
ActionSprout, which aims to help nonprofit organizations to reach more people through Facebook, has closed a $1.7 million round of funding led by Oregon Angel Fund. Bellingham Angel Fund, Portland Seed Fund and other investors also participated. The company will use the funds to expand its offering to more nonprofits. “Some ninety percent of nonprofits use Facebook today with the goal of building support and deepening relationships with donors and volunteers. For the past two years our team has worked to develop tools and techniques to take the mystery out of how to make Facebook work for nonprofits, helping them achieve these very goals,” said ActionSprout CEO, Drew Bernard.