Vega Cloud, a Liberty Lake-based company that assists businesses with managing public cloud infrastructure, recently raised $2.3 million in a seed funding round.
Spokane-based angel investment fund Kick Start led the seed round with participation by Voyager Capital, Tapas Capital, Bighorn Ventures, Mind to Market LLC, the Morning Star Foundation and local angel investors, according to a company release.
Seed stage funding is an early stage of capital investment in startups.
Vega Cloud also secured $250,000 in debt financing from Ignite Northwest, a nonprofit that assists emerging startups through funding, mentorship and education.
“We are excited to partner with Vega to build a better experience for businesses needing cloud resources,” Tom Simpson, Ignite Northwest CEO and managing director of Kick Start, said in a statement. “The team is experienced and battle-tested and is well poised to take advantage of a tremendous market opportunity.”
Vega Cloud will use the round of funding to expand sales and marketing and continue developing its Vega Cloud Management Platform, Kris Bliesner, Vega Cloud’s CEO and co-founder, said in an email.
“We believe that Cloud management, as a whole, requires a new approach. One that is focused on customers and users alike and is fueled by the way real businesses want to use Cloud computing,” Bliesner said. “Cloud infrastructure is currently a $50 billion annual marketplace consumed almost entirely by highly technical and highly paid professionals who have spent years developing expertise in the overly complex world of Cloud.”
Cloud computing refers to storing data and programs on remote servers accessed through the internet.
Bliesner co-founded Vega Cloud in April. Prior to launching Vega Cloud, Bliesner was a co-founder of Liberty Lake-based cloud services company 2nd Watch, which raised more than $60 million from venture investors before it was acquired by Singapore-based ST Media in 2019.
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