CloudCoreo – A Promising Cloud Startup
It’s an exciting time to be a part of the cloud world, as new products are coming up every day to add value to businesses and to end customers at large. One of the new entrants to the cloud is CloudCoreo – a Seattle based startup in the cloud management arena. Located in South Lake Union District – the cloud computing capital of the world, this company is all set to take a share of the huge potential in cloud management.
This company is led by Tom Hull, its CEO, who previously was a founding member of a company called Union Bay Networks. After it was acquired by Apple in 2004, Hull, along with a few others came together to create CloudCoreo. Jason Needham, the current CMO, and Paul Allen (CTO) are the other co-founders. Hull has worked with Needham in Union Bay Networks, so it was only natural that they came together again to start this company. In fact, their relationship goes many years back, and started when they worked together at Seattle’s F5 Networks. They are being joined by Soma Somasegar, a former Microsoft executive and a venture partner at Madrona.
In the last week, this company has received a $2.9-million seed stage funding from Seattle’s Madrona Venture Group, and is also supported by Divergent Ventures, Data Collective, and Aristos Ventures to continue with their product development.
At this point in time, the company is keeping their product plans a secret, and they plan to reveal a prototype during re:Invent – Amazon Web Services’ conference that is being held in Las Vegas from November 28 to December 2.
The CEO said that the company plans to use this money to help with product development, and is recruiting software and DevOps engineers to work on its product. Currently, there are about 10 employees in the company, and they’re believed to be working on a next-generation cloud management platform that will enable DevOps and SecOps team to scale effectively and efficiently across different cloud providers.
In an interview, Hull said that though there are many cloud management platforms available in the market, the one offered by CloudCoreo is likely to be different. This is why he opined that there is no point in comparing CloudCoreo’s platform with any of the existing ones. Though the exact details of the product are not known at this time, inputs from the company’s websites and interviews by its CxO executives suggest that they are looking to create an integrated product that’ll manage public, private, and hybrid cloud systems efficiently.
A possible reason for this foray can be attributed to the fact the cloud management platform market is fragmented, and there is no vendor with a dominant market share. According to a report by Gartner, most cloud management platforms address only a portion of a business’ requirements, so there is always scope for many cloud platforms to have a presence in this market. In addition, the report says that the next 18 months should see more vendor consolidation, so this is the right time for CloudCoreo to make an impact in this niche market segment.