Solinea raises $4M in Series A

What does Solinea do?

Solinea, is an OpenStack Cloud Software and Services provider. The company is built to deliver cloud strategy, integration, architecture and adoption service for enterprises and service providers. The company was created for helping in accelerating the transformation of Enterprise IT by providing the right mix of services and software for helping customers adopt the new wave of cloud technology and capabilities as they appear to not only cut the expenditure and increase the agility, but also leverage cloud for breaking into new revenue models. The company partners with clients for helping them in navigating the cloud ecosystem whether it is optimizing their cloud go to market strategy, designing a cloud architecture which supports current and future workload, integrating OpenStack into deploying private cloud solutions for rounding out the product portfolio for Service Providers.

How much Solinea was funded?

Solinea raised $4M in Series A funding on October 21^st, 2015 from Translink Capital.

Previous funding

$400K in Debt financing on March 25, 2015.

What is next for Solinea?

Solinea plans to use the funding for expanding the company’s service delivery capabilities and to expand its product and engineering management teams as it works towards Q1 2015 launch of a new product based on the project Goldstone which Solinea open sourced in May this year. The product is still under development and is designed for solving specific problems which enterprises face in the operations of open infrastructure clouds.

More about Solinea

Solineas was founded on January 24, 2013 by Ken Pepple and Francesco Paola. It has its headquarters in San Francisco, CA. The company is a respected thought leader in the community of OpenStack as code contributors, featured speakers and published authors, and have deployed 4 out of the 8 global OpenStack production platforms. The company has a worldwide presence with clients in Europe, USA and APAC.