Blue Medora closed on an $8 million Series B1 financing round led by First Analysis, a Chicago-based venture capital (VC) firm.
First Analysis will be assuming a seat on the Blue Medora board. Current investors Lewis and Clark, Wakestream Ventures and eLabs Ventures also invested in this round of funding.
“Over the past year we’ve seen increasing interest from our customers and partners to move away from traditional point-to-point integrations and adopt our integration software as a more comprehensive service,” explains Nathan Owen, CEO and co-founder of Blue Medora. “The closing of the Series B1 is another sign that the industry continues to recognize our unique capability to deliver enterprise-class integration in new ways that the market demands.”
“IT Operations teams and monitoring platform vendors are both challenged to find easy, scalable ways to collect operational IT data from emerging technologies as quickly as they appear, whether in the cloud or on-premise,” explains Howard Smith, Managing Director of First Analysis. “Blue Medora has a clear vision for the future of this market and is uniquely positioned to reshape how IT monitoring integration is delivered and consumed.”
With this investment, Blue Medora will continue delivering IT monitoring integration as-a-Service, expand its global reach, and accelerate its leadership position in the industry through continued expansion of sales, marketing and R&D investments to support the growing adoption of the SelectStar database performance monitoring platform and the increasing interest in the company’s expertise connecting IT systems health and behavior data with analytics platforms.
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