Quali, a US-based cloud software developer backed by computing hardware producer Dell and construction firm Orr Partners received $54m of funding on Tuesday.
The round was co-led by venture capital fund Greenfield Partners and VC firm Jerusalem Venture Partners (JVP) and also featured investment firm Hamilton Lane and growth debt provider Kreos Capital.
Founded in 2007, Quali has developed a software platform called CloudShell, which helps businesses simplify their cloud infrastructure and provides secure access to the cloud for software application development.
Proceeds from the round will be used to increase headcount and further the development of CloudShell. The company has now raised more than $86m altogether.
Quali CEO Lior Koriat said: “Quali empowers developers to develop, testers to test, planners to plan and ops to operate by offering safe and productive access to hybrid cloud infrastructure.
“Since Quali’s most recent funding in 2018, the company experienced rapid growth in sales, platform innovation and expanded its own workforce globally.”
Evergreen Ventures led a $2.3m round for the company in 2012 that also featured Gemini Israel Ventures, Fishman Investments, Altshuler-Shaham and Strauss Investments.
Dell Ventures, the corporate venturing unit that has since been rebranded to Dell Technologies Capital, led a $8m funding round for Quali in 2014 with participation from Evergreen Ventures, Gemini Israel and Fishman Investments.
The company then received $22.5m in a series C round led by JVP that included unit Dell Ventures, Orr Partners, Evergreen Ventures, Gemini Israel Ventures and Kreos Capital.