B2B Venture Capitalists Have Their Heads In The Cloud

the cloud is nowhere near a “new” technology, but it did take the enterprise a few years to trust the tool particularly amid the rise of public clouds. This week’s B2B venture capital (VC) roundup shows investors have a spot in their portfolios for startups disrupting the enterprise cloud space, from cloud computing to storage. Plus, other B2B FinTech firms that rely on the cloud also received FUNDING. In total, more than $193 million made its way to the B2B space more than 80 percent of it secured by cloud firms. Packet Landing $25 million in Series B funding this week, PACKEToffers automated cloud solutions for the enterprise, including computing, networking and data storage. Its developer-targeted services include the ability to quickly pull bare-metal configurations into its public cloud. The funding led by Third Point Ventures with participation from Battery Ventures, JA Mitsui Leasing and Samsung NEXT, as well as existing backers SoftBank Corp. and Dell Technologies Capital will be used to take its vision “to empower companies with [a] cloud-native infrastructure they could deploy on their terms” to a new level, according to Packet CEO Zachary Smith in a STATEMENT. Specifically, the company plans to expand its product offering; grow its engineering, sales and marketing teams; and enter into new geographic markets.