CloudHealth Technologies, now CloudHealth by VMware, is a privately held

software Software is a set of computer programs and associated software documentation, documentation and data (computing), data. This is in contrast to Computer hardware, hardware, from which the system is built and which actually performs the work. ...

company based in Boston, Massachusetts. The company provides

cloud computing Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mu ...

services related to

cost management Cost accounting is defined as "a systematic set of procedures for recording and reporting measurements of the cost of manufacturing goods and performing services in the aggregate and in detail. It includes methods for recognizing, classifying, al ...

governance Governance is the process of interactions through the laws, norms, power or language of an organized society over a social system ( family, tribe, formal or informal organization, a territory or across territories). It is done by the gove ...

automation Automation describes a wide range of technologies that reduce human intervention in processes, namely by predetermining decision criteria, subprocess relationships, and related actions, as well as embodying those predeterminations in machines ...

security" \n\n\nsecurity.txt is a proposed standard for websites' security information that is meant to allow security researchers to easily report security vulnerabilities. The standard prescribes a text file called \"security.txt\" in the well known locat ...

, and performance.

History

CloudHealth Technologies was founded by Joe Kinsella in 2012. Dan Phillips joined as CEO and co-founder in late 2012, and Dave Eicher joined as co-Founder in January 2013. In May 2016, the company announced plans to expand from its Boston headquarters with branch offices in San Francisco, London, Washington, D.C., Sydney, Amsterdam, Tel Aviv, and Singapore. Headquarters moved in Boston from Fort Point to

100 Summer Street 100 Summer Street is a high-rise building located in downtown Boston, Massachusetts. The building stands at with 33 floors, over 1.03 million square feet (over 92,000 m2) of office space, and was completed in 1974. It is ranked 24th on the ...

in the Spring of 2018, tripling in square footage. In September 2017, Tom Axbey—who was previously at Rave Mobile Safety—joined as the new CEO and President.

VMware VMware, Inc. is an American cloud computing and virtualization technology company with headquarters in Palo Alto, California. VMware was the first commercially successful company to virtualize the x86 architecture. VMware's desktop software ru ...

announced its intention to acquire CloudHealth Technologies on August 27, 2018. The acquisition is "part of the information technology company's continued push into cloud-based software services" according to

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was esta ...

. The deal closed on October 4, 2018, and was reported to be in excess of $500 million.

Technology

Delivered through a

software as a service Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...

(SaaS) model, CloudHealth Technologies's platform collects and analyzes data from

services and other IT environments so clients can report on costs, inform their business models, and project future trends. CloudHealth Technologies is compatible with

Amazon Web Services Amazon Web Services, Inc. (AWS) is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered pay-as-you-go basis. These cloud computing web services provide d ...

, Microsoft Azure, Google Cloud Platform,

multicloud Multicloud (also spelled multi-cloud or multi cloud) is a company's use of multiple cloud computing and storage services from different vendors in a single heterogeneous architecture to improve cloud infrastructure capabilities and cost. It also re ...

, and

hybrid cloud Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...

environments. CloudHealth Technologies has received

(AWS) Education Competency status, AWS Migration Competency status and achieved SOC 2 Type 2 Compliance.

Funding

As of June 2017, CloudHealth Technologies has raised a total of $85.7 million through four rounds of funding. In March 2013, CloudHealth Technologies announced that it had secured $4.5 million in

Series A funding A series A round (also known as series A financing or series A investment) is the name typically given to a company's first significant round of venture capital financing. The name refers to the class of preferred stock sold to investors in exchan ...

. This round was led by .406 Ventures and Sigma Prime Ventures. In January 2015, CloudHealth Technologies secured $12 million in

Series B funding Venture capital financing is a type of funding by venture capital. It is private equity capital that can be provided at various stages or funding rounds. Common funding rounds include early-stage seed funding in high-potential, growth companies ( ...

. This round was led by Scale Venture Partners, .406 Ventures, and Sigma Prime Ventures, and was followed by a $3.2 million extension round. In May 2016, CloudHealth Technologies announced $20 million in Series C funding, led by

Sapphire Ventures Sapphire Ventures (stylized as SAPPHIRE) is a venture capital firm with offices in Menlo Park, San Francisco, Austin, and London. The firm is considered one of the world's premier venture capital firms. The firm primarily invests in Series B t ...

, .406 Ventures, Scale Venture Partners and Sigma Prime Ventures. In June 2017, CloudHealth Technologies secured $46 million in Series D funding led by

Kleiner Perkins Caufield & Byers Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. Since its founding in 1972, the firm has backed entrepreneur ...

with participation from

Meritech Capital Partners Meritech Capital Partners is an American Venture Firm company focused on late-stage venture capital investments in information technology companies with a focus on consumer Internet and media, software and services, enterprise infrastructure, an ...

, 406 Ventures, and Scale Venture Partners.

Reception

In April 2016,

Gartner Gartner, Inc is a technological research and consulting firm based in Stamford, Connecticut that conducts research on technology and shares this research both through private consulting as well as executive programs and conferences. Its client ...

recognized CloudHealth Technologies as a Cool Vendor, stating that "with the rise in public and

private cloud Cloud computing is the on-demand availability of computer system resources, especially data storage ( cloud storage) and computing power, without direct active management by the user. Large clouds often have functions distributed over mul ...

computing, infrastructure and operations leaders are investing more in management, governance and policy enforcement." In September 2016, CloudHealth Technologies was named to

InformationWeek ''InformationWeek'' is a digital magazine which conducts corresponding face-to-face events, virtual events, and research. It is headquartered in San Francisco, California and was first published in 1985 by CMP Media, later called Informa. The p ...

's list of 25 Cloud Vendors to Watch for 2017. In November 2017, they were named a 2018 Vendor to watch by

Information Week ''InformationWeek'' is a digital magazine which conducts corresponding face-to-face events, virtual events, and research. It is headquartered in San Francisco, California and was first published in 1985 by CMP Media, later called Informa. The p ...

and a

Red Herring (magazine) Red Herring is a media company that publishes an innovation magazine, an online daily technology news service, technology newsletters, and hosts events for technology leaders. Red Herring is perhaps best known for its Red Herring Top 100 techno ...

Top 100 Global Winner. In May 2018, CloudHealth was named a Leader in the Forrester Wave for Cloud Cost Monitoring and Optimization and a Strong Performer in the Forrester Wave for Hybrid Cloud Management in June. 2018 was CloudHealth Technologies' 4th year in a row winning Boston Business Journal's Best Places to Work award.

Competition

As of March 2023, CloudHealth Technologies competes with Cloudability by Apptio and CloudCheckr by

NetApp NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in San Jose, California. It has ranked in the Fortune 500 from 2012–2021. Founded in 1992 with an IPO in 1995, NetApp offers cloud data service ...

References

{{reflist, 30em Software companies based in Massachusetts Companies based in Boston Software companies established in 2012 American companies established in 2012 Cloud computing providers 2012 establishments in Massachusetts 2018 mergers and acquisitions VMware Defunct software companies of the United States