CloudShare Raises $10 Million, Goes out of Stealth

cloudshare_logoCloudShare, an Israeli start up previously known as IT Structures, has reported a series B of $10 million led by its existing investors Sequoia Capital and Gemini Israel Funds as well as new investor Charles River Ventures. This ‘Up Round’ brings CloudShare to a total of $16 million raised to date.

CloudShare offers a Virtual Sales Engagement SaaS platform that enables small and mid-sized software and appliance companies to deliver demos, evaluations, and proof-of concept projects online by making solutions available via its platform. The company’s target customers usually lack the resources to buy expensive web cast and streaming technologies, and so Cloudshare provides a cost-effective on-demand tool for marketing, and direct and channel sales.

a Team Manager or Campaign Manager, you’d be able to build new environments (eg, add servers, storage, and networks), change environments or customize them en masse, and add or view other Sales Engineers or Channel Partners and their staff usage

a Team Manager or Campaign Manager, you’d be able to build new environments (eg, add servers, storage, and networks), change environments or customize them en masse, and add or view other Sales Engineers or Channel Partners and their staff usage

In the press release posted on the company’s website, CloudShare’ CEO Zvi Guterman, commented on the importance of this round:

“Since founding CloudShare in 2007 we’ve been focused on developing our technology, with the promise that it will revolutionize the way sales demos and PoC’s are conducted. We’ve officially come out of stealth mode with marquee customers, a proven cloud-based technology platform, and $10M in funding to help build out our vision. We now have all the right assets in place and we look forward to reaping the benefits in 2010 and beyond.”

Ophir Kra-Oz and Zvi Guterman founded IT Structures in 2007 and have kept the company in stealth mode until Dec 11 2009. Headquartered in Tel Aviv, Israel, Cloudshare plans to expand its R&D center and hire additional developers locally. With its double digit growth and an impressive line up of clients which includes asVMware, Cisco, and SAP, I see a bright future for this Israeli start up.

The Dashboard enables to analyze partner performance

The Dashboard enables analyzing partner performance

See also: Globes

Eze Vidra
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Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
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Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google’s first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He’s an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.

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