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Leading Mobile Platform Provider to Expand Product and Market Footprint and Continue to Transform Enterprise Mobile App Development
CloudMine, the industry’s most secure cloud mobile platform, has announced that it raised a $5 million Series A financing round, led by Safeguard Scientifics (NYSE:SFE) with participation by MentorTech Ventures, DreamIt Ventures, DeSimone Group Investments, Ben Franklin Technology Partners, Mid-Atlantic Angel Group, Robin Hood Ventures and other angel investors.
CloudMine will use the proceeds to enrich its product and expand marketing and sales functions.
Since its founding in 2011, CloudMine’s platform has become a key element of mobile development strategy and architecture for enterprise IT departments of all sizes. CloudMine’s platform offers a mobile-optimized suite of services, enabling enterprise developers to rapidly build and deploy secure mobile applications for employee productivity and consumer engagement. For both mobile and connected device initiatives, CloudMine’s software eliminates the need for ongoing maintenance and management, accelerates development time by up to 70%, and provides a standardized, IT-approved development platform across all business units.
By focusing on highly sensitive verticals such as healthcare, pharmaceuticals and retail, CloudMine solves the increasing challenge of maintaining security and compliance, including HIPAA and HITECH, while balancing the increasing leverage of the mobile cloud. Through partnerships with Infrastructure-as-a-Service (“IaaS”) companies including Rackspace and CenturyLink, as well as a network of digital agencies and system integrators, CloudMine offers its customers flexible deployment models, high-touch support engagements, and a consultative sales process to meet the highly individualized needs of each unique enterprise. CloudMine’s customers include Mylan Specialty, Endo Pharmaceuticals, Barnes & Noble College, and Digitas Health.
“As mobile becomes the key driver of enterprise data consumption and interaction, leading enterprises that use CloudMine can focus on building rich and engaging mobile experiences,” said Brendan McCorkle, Co-Founder and Chief Executive Officer at CloudMine. “Enterprise development teams rely on CloudMine for easy-to-use, comprehensive backend development tooling and data optimization which accelerates time to delivery and improves application performance, compliance and security. We are thrilled to have Safeguard lead our first institutional round of financing. With a deep network of strategic partners and high-potential customers, combined with collective expertise in building businesses, Safeguard will guide and accelerate CloudMine’s rise to market leadership.”
“CloudMine is revolutionizing the way mobile apps are developed in the enterprise,” said Philip Moyer, Managing Director, Technology at Safeguard. “Most enterprises are dealing with three infrastructures–their legacy environment, their cloud, and their infrastructure needed to build mobile applications. CloudMine unifies these infrastructures making it easy for an enterprise to create scalable enterprise-grade mobile applications that are first-class citizens of their infrastructure and governance model. Brendan and his executives have assembled a strong entrepreneurial team who have demonstrated tremendous traction in just a few short years. We are excited to be a part of CloudMine’s growth story.” Mr. Moyer, along with David Luk, Principal, Technology at Safeguard, will join CloudMine’s board of directors.
