Electric Cloud, a US-based production management software producer backed by industrial products and appliance conglomerate Siemens, received $6m in financing on Monday from investment firm Wellington Financial.
Financial services firm Bridge Bank provided an additional $5m in the form of a line of credit and a venture term loan facility.
Founded in 2002, Electric Cloud has developed a platform, dubbed ElectricFlow, that helps developers automate and accelerate the building, deployment and releasing at scale of enterprise applications, including web-based, mobile and embedded systems.
The capital will allow Electric Cloud to expand further internationally and to further develop its product. It follows $4.2m of equity funding in 2015 and another $6.2m in September 2016, according to securities filings.
Electric Cloud closed a $12m series E round in 2014 that featured Siemens Venture Capital, the corporate venturing arm of Siemens, and existing backers US Venture Partners, Mayfield Fund, RRE Ventures and Rembrandt Venture Partners.
The company had previously raised a total of $22.2m, according to regulatory filings. Electric Cloud did not identify Mayfield Fund as a shareholder in its latest press release, indicating the firm may have divested its stake.