Blue Medora has closed an $8.6 million Series B round led by St. Louis-based Lewis & Clark Ventures. Blue Medora’s existing investors VMware, Inc., eLab Ventures, Start Garden and Grand Angels also supported the round, bringing Blue Medora’s total capital raised since its inception to $14.5 million. The new funding round exemplifies a growing shift of VC funding in technology companies outside of Silicon Valley.
Blue Medora creates software that offers a single view of applications, databases and infrastructure to quickly resolve IT issues, increase uptime and optimize performance for business applications. Known for developing extensions for virtualized and application management platforms such as Oracle, IBM, VMware vRealize and New Relic, last month Blue Medora launched SelectStar, its first SaaS-based solution that unifies databases and cloud infrastructure monitoring. These Blue Medora IT operational analytics (ITOA) solutions provide IT managers, devops and database architects with complete visibility to the performance of their IT stack.
“Blue Medora is partnering with customers to advance adoption of multi-cloud, multi-database and dev/ops environments that make IT-as-a-service an economic reality,” said Nathan Owen, co-founder and CEO of Blue Medora. “We are excited to work with a bold and innovative team of strategic partners to help us expand our global reach and enable any enterprise to see everything about their IT operations from anywhere.”
“We believe Blue Medora is providing deep, game-changing insights that weren’t being addressed in the rapidly growing IT operational analytics market,” said Brian Hopcraft, managing director of Lewis & 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.”
“Blue Medora is leading the charge for enterprise IT organizations to extend the real-time performance and capacity management capabilities of VMware vRealize® cloud systems management platform to help customers avoid downtime and improve service delivery,” said Ajay Singh, senior vice president and general manager, Cloud Management Business Unit, VMware. “Our strategic investment and collaboration with Blue Medora will help fast-track the migration to software-defined data centers, enabling a single view of the IT stack across private, hybrid and public clouds, physical environments, applications and databases.”
