The round was co-led by Opus Capital and United Ventures (the latter being a shareholder already). Gill Cogan, general partner at Opus Capital, has joined Cloud4Wi’s Board of Directors (see here the press release).
In March 2016 Cloud4Wi had raised 8 million dollars as a first trinche of this round (see here a previous post by BeBeez) on top of 4 million dollars previous round subscribed in 2014 by United Ventures (see here a previous post by BeBeez). The closing of the round brings now the total investment in the company to 15.5 million dollars.
With this new funding, Cloud4Wi will invest in product development, boost its sales and marketing efforts, further develop its global channel partner network, and expand its machine learning expertise.