Bracket Computing Raises $45 Million
Bracket Computing, accompany that strives to deliver enterprise computing driven by business needs instead of hardware limitations, has raised upwards of $45 million in a Series C funding round. The total funding from this round and all previous is estimated to be more than $130 million. There are two new investors: Fidelity Management and Research Company and Goldman Sachs, These two companies are joined by Bracket’s previous investors Allegis Capital, Andreessen Horowitz, ARTIS Ventures, Columbus Nova Technology Partners, Norwest Venture Partners, and Sutter Hill Ventures. Bracket Capital plans to use this new capital to develop the Bracket Computing Cell and finance the company’s global expansion. The Bracket Computing cell allows enterprise applications and data and their associated security, networking, and data management infrastructure to reside in a single software design. This Computing Cell has been formatted to function across a multitude of public cloud providers in addition to the company’s on-premise data center. The result of this formatting will be a consistent virtual enterprise-grade infrastructure.
Tom Gillis, CEO and co-founder of Bracket, has commented, “Bracket is fundamentally redefining enterprise computing. Financial firms need to remain technology leaders, and we’re working with some of the very largest as we define the blueprint for the data center of the future. Our vision is to provide a secure, advanced, virtual infrastructure that spans multiple clouds, both private and public, with one consistent set of capabilities. Having investors of this quality bolsters our efforts to build this ambitious technology.”
Jason Lango, CTO and co-founder of Bracket, has added, ““Imagine if you could encapsulate your most sensitive applications, data, and services and have them run securely across leading hyper scale public clouds and your private cloud, all the while ensuring consistent security controls and data management capabilities. This is what a Bracket Computing Cell allows. It enables an enterprise without boundaries, without sacrificing security and control.” Within the Computing Cell there is encryption technology that enhances security by creating a secure fabric that extends the user’s trust across multiple hyper scale clouds that it doesn’t necessarily control. Such an approach allows the user to span multiple public clouds while still maintaining a high level of security.