Cloud-computing Startup Cedexis Receives $3.5 Million Venture Capital Investment
Cloud-computing startup Cedexis has received $3.5 million in venture capital investment. With the current round of investment the company, which is based in Portland, Oregan, USA, will have received $13 million in funding. It received $6 million from venture capitalists Madrona Venture Group and Advanced Technology Ventures in 2011, and both these companies were involved in the current round of funding. Cedexis will be looking to increase investment further in 2016.
Cedexis was first established in Paris, France before its expansion in the United States. The company provides managed services that help companies focus on their business activity and not divert attention towards IT. They tailor storage and access options for companies to ensure genuine real-time data access. Its current funding is based on the company's 2014 performance, which saw a 200% increase in revenue and a doubling in the number of staff on its books.
Cedexis currently employs 50 staff, 30 of which work at its headquarters in Portland. The company is expected to increase staff by another 50% in 2015. It has experienced a doubling of revenue over the last three years, and it expects an increase of around 50% in 2015. Cedexis expects to expand into Asia in the latter part of 2016.
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