Blue Medora raises $4.6 million in funding for startupBy Mayra Monroy on July 9th, 2015 /
When it comes to storage and cloud management, Blue Medora is a leading innovator. Based in Grand Rapids, CEO Nathan Owen and his growing team have made Blue Medora a leader in the software development field. What started in 2007 as a software engineering business, Blue Medora evolved into creating technologies that would be licensed to software companies. Through a variety of software solutions that range in tying together data from virtualized cloud based databases to services from understanding critical storage and network infrastructure, Owen and the Blue Medora team are working to provide the best service for Grand Rapids businesses.
“What we are building here is next gen[eration] systems management,” says Owen.
Through monitoring businesses’ cloud services and assisting them in understanding cloud systems and management, such as capacity planning to help businesses know how much capacity they are paying for; predictive analytics, basing predictions regarding space on previous data. Through keeping software up to date and running well, companies can expect great service from Blue Medora. With a positive effect on customer satisfaction and usage, Blue Medora is growing.
“The old ways that companies used to run IT was that they would build a datacenter. That model is going away,” says Owen. “The model that companies are moving to is moving cloud services. That move to the cloud requires a new set of management tools. You need to make sure that it’s running well. Customers are satisfied with [that model].”
With partnerships like IBM, VMware and Oracle, IT managers are able to understand their applications and cloud storage a lot better. Blue Medora has grown with their funding as well, closing Series A funding in June, totaling to a hefty $4.6 million. This funding will come into play in growing engineering, expanding their sales and marketing team and meeting demand and acceleration of their product development. In the span of a year, Blue Medora has quadrupled the product sales and grew its staff and it doesn’t stop there. Expansion in the future will bring a bigger staff, more offices both nationwide and international.
“During the past year we have experienced a significant increase in growth and demand for our cloud systems management products,” says Owen. “Our Series A investment round will enable Blue Medora to continue helping organizations re-shape the way they aggregate, analyze and visualize their monitored data.”
Through constant support from organizations such as Michigan eLab, Grand Angels and Start Garden, Blue Medora anticipates a continuation in their growth. For more information on their services and products, please visit: http://www.bluemedora.com/.