Cloud Elements raises $25m in Series C funding, aims to promote proprietary Cloud API Integration Platform

BFSI News

Cloud-Elements-raises-25m-in-Series-C-funding-aims-to-promote-proprietary-Cloud-API-Integration-Platform Cloud Elements raises $25m in Series C funding, aims to promote proprietary Cloud API Integration PlatformCloud Elements, a Denver, Colorado-based cloud API integration platform, as per recent reports, has raised $25 million investment in a new Series C funding round to pitch in its proprietary API integration platform to software providers.

The recent funding round was led by Mercato Partners and was participated by existing investors, namely: Access Ventures, American Express Ventures, Grotech Ventures, Upslope Ventures, Harbert Growth Partners, and Rally Ventures. With this recent Series C funding, Cloud Elements’ raised worth is at $46.2 million. The company plans to utilize this funding in adding new capabilities to the cloud API integration platform and to further expand into the US and European markets.

Mark Geene, CEO and co-founder, Cloud Elements, says, “APIs are a great way to make software work together, but developers now have to deal with hundreds or thousands of APIs to automate basic business processes. Point-to-point integration can’t scale to address this challenge”.

Adding further, Mark says, “We virtualize and simplify API integration to make all APIs work together, look the same and operate the same – using industry standard protocols. We put your application at the center of a digital ecosystem, based on common language and unified data models. As our customers like to say, it’s an integration that starts simple and stays simple.”

Cloud Elements has a wide customer base, which includes giants like SAP and IBM; independent software vendors like Axway, DoubleDutch, FinancialForce, Microstrategy and Sage; fintech solution providers such as Danske Bank, FIS, PaySimple, and Western Union; and digital business enterprise units like Dun & Bradstreet and Xerox.