Grand Rapids-based Blue Medora, a company that creates software for enterprise cloud and data center management, has closed an $8.6 million Series B funding round led by St. Louis-based Lewis and Clark Ventures. The investment is part of a growing trend of VC funding in technology firms outside of Silicon Valley.
The company’s existing investors VMware, Inc., eLab Ventures, Start Garden, and Grand Angels also supported the round, bringing Blue Medora’s total capital raised to $14.5 million.
“We believe Blue Medora is providing deep, game-changing insights that weren’t being addressed in the rapidly growing IT operational analytics market,” says Brian Hopcraft, managing director of Lewis and Clark Ventures. “An amazing amount of software innovation is happening at Blue Medora and throughout the Midwest, and we’re confident this partnership is going to accelerate Blue Medora’s ability to deliver the next breed of IT analytics solutions.”
Company officials with Blue Medora say the new investments will scale the engineering, sales, marketing, and support organizations in the company to continue to meet the demands of enterprises IT departments requiring better insight and intelligence about their infrastructure.
Blue Medora creates software that offers a single view of applications, databases and infrastructure to resolve IT issues, increase uptime and optimize performance for business applications. The company’s capabilities are delivered through its software as a service-based database and cloud monitoring platform, SelectStar, and extensions for VMware’s vRealize Cloud Management Platform, New Relic, IBM APM, and Oracle Enterprise Manager Cloud Control platforms.