Cloudyn raised $11M in a Series B funding

Cloudyn, an Israeli optimization company managed to close a Series B round of financing in the amount of $11 million. The funding process was led by Carmel Ventures, and had the participation of Titanium Investments and RDSeed, a collaboration of Rafael and Elron Electronics (ELRNF). Cloudyn is planning to use the new capital in order to widen its market share and at the same time further develop its product. It must be noted that Cloudyn helps enterprises to shift their operations to the cloud with hybrid, multi-layered solutions.

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