Cloudify Platform Ltd.

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Cloudify Platform Ltd. - overview

Established

2017

Location

Herzliya, -, Israel

Primary Industry

Software

About

Cloudify Platform Ltd. , based in Israel, specializes in cloud orchestration, providing tools for application deployment and management across various cloud environments like AWS, Azure, Google Cloud, and OpenStack. Founded in 2017 and headquartered in Herzliya, Israel, Cloudify Platform Ltd. offers a comprehensive cloud orchestration solution that helps organizations automate application life cycles.


The company was co-founded by Indranath Mukherjee and Nati Shalom. In January 2023, Dell Technologies, Inc. acquired Cloudify Platform Ltd. , facilitating the development of edge offerings.


The firm has completed a total of 3 deals, with the latest funding round being a USD 70. 00 mn Add-on Trade Sale, bringing the total amount raised to USD 7. 00 mn. Cloudify offers a robust open-source cloud orchestration framework designed to streamline modeling of applications and services while automating their entire life cycle.


The core product enables users to deploy and manage applications seamlessly across cloud environments, including AWS, Azure, Google Cloud, and OpenStack. It addresses challenges related to application deployment, infrastructure provisioning, and orchestration, providing tools like the Cloudify Manager and Cloudify CLI. The company serves a diverse client base, including enterprise customers and service providers globally, with implementations in North America, Europe, and Asia-Pacific markets. Cloudify operates on a subscription-based revenue model with various pricing tiers based on services utilized and scale of deployment.


Customers typically engage in annual contracts for access to the Cloudify Manager and associated support services. Revenue is generated through partnerships with enterprises looking to implement multi-cloud strategies. The flagship product, Cloudify Manager, is central to these transactions, which may also include training and premium support services. The company's sales strategy focuses on B2B relationships, catering to organizations needing sophisticated orchestration and automation capabilities.


Post-acquisition by Dell Technologies, Inc. in January 2023, Cloudify plans to leverage its resources to enhance its product offerings and expand into new markets. Specific upcoming products are under development to enhance multi-cloud orchestration capabilities. The company aims to establish a stronger presence in North America and Asia-Pacific markets by 2024, supported by the recent funding strategically aimed at bolstering product innovation and market outreach.


Primary Industry

Software

Sub Industries

Analytics & Performance Software, Systems Management Software

Website

www.cloudify.co

Verticals

Cloud Computing

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Cloudify Platform Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedCloudify Platform Ltd.-

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