CloudBolt Announces $35 Million in Series B Funding

November 18, 2020

NORTH BETHESDA, Md. Nov. 18, 2020 (GLOBE NEWSWIRE)

CloudBolt Announces $35 Million in Series B Funding.

CloudBolt Software, the enterprise leader in cloud management and integration solutions, today announced $35M in series B funding, consisting of both equity and venture debt. The equity was led by Insight Partners, a global venture capital and private equity firm. The venture debt is issued by Hercules Capital Inc. and Bridge Bank.

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Bridge Bank

Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to bank for small to mid-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions, including startup banking, capital, equipment and working capital credit facilities, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans and a full line of international products and services. Based in San Jose, Bridge Bank has 16 offices in major markets across the country, along with Western Alliance Bank’s powerful array of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation, with more than $50 billion in assets. Western Alliance is again #1 best-performing of the 50 largest public U.S. banks in the S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year.

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