RiverMeadow Software, a US-based software-as-a-service (SaaS) company which migrates servers into the cloud, has closed a $12m series B financing round from investors including network systems company Cisco and flash memory maker Violin Memory.
The new funding will support RiverMeadow’s growth.
Previously, RiverMeadow raised $5m venture funding in August 2012. The company was founded in 2009.
Mark Shirman, chief executive officer of RiverMeadow, said: “The RiverMeadow Cloud Migration SaaS has already gained tremendous traction and acceptance with many of the world’s largest cloud infrastructure manufacturers and service providers. This latest funding round will allow us to continue to scale the company for future growth by expanding our engineering team and supporting our OEM’s in meeting the growing market demands for cloud migration.”
The funding from Cisco follows news in April that Cisco would be using the RiverMeadow Cloud Migration SaaS tool in its cloud on-boarding service offerings.