CloudHealth Technologies
| Company type | Subsidiary |
|---|---|
| Industry | Cloud computing software |
| Founded | 2012 |
| Founder | Joe Kinsella, Dan Phillips, Dave Eicher |
| Headquarters | Boston , United States |
Key people | Tom Axbey (CEO and President), Joe Kinsella (CTO and Founder), Dan Phillips (Co-Founder) |
| Products | Cloud management platform for cost management, governance, automation, security, and performance enhancement |
Number of employees | 280+ |
| Parent | VMware |
CloudHealth Technologies, currently known as CloudHealth by VMware, is a software firm based in Boston, Massachusetts. Established in 2012 by Joe Kinsella (CTO and Founder) and Dan Phillips (Co-Founder), it functions as a subsidiary under VMware. The company focuses on providing cloud computing solutions that emphasize cost management, governance, automation, security, and performance enhancement.
The company's offerings are designed for enterprises aiming to reduce cloud infrastructure costs and boost operational productivity through its cloud management platform. Employing more than 280 professionals, CloudHealth has secured a notable position within the global cloud services sector. Leading the company’s strategic direction and growth is CEO and President Tom Axbey.
After being acquired by VMware, CloudHealth expanded its market presence and global footprint, strengthening its leadership in cloud financial management and governance solutions. Its suite of products continues to support business expansion by meeting the dynamic requirements of enterprises in managing cloud expenses and ensuring security compliance.
History
Joe Kinsella founded CloudHealth Technologies in 2012, with Dan Phillips joining later that year as CEO and co-founder, followed by Dave Eicher becoming a co-founder in January 2013. By May 2016, the company had grown beyond its Boston base to open offices in San Francisco, London, Washington, D.C., Sydney, Amsterdam, Tel Aviv, and Singapore. In 2018, the headquarters moved to 100 Summer Street in Boston, increasing its office space threefold.
In September 2017, Tom Axbey—previously with Rave Mobile Safety—was appointed CEO and President. On August 27, 2018, VMware announced its acquisition of CloudHealth Technologies as part of its initiative to broaden its cloud software offerings. The transaction was finalized on October 4, 2018, with reports suggesting a value exceeding $500 million.
Technology
CloudHealth Technologies offers a software as a service (SaaS) platform that consolidates and evaluates data from cloud computing providers and IT infrastructures. This enables clients to optimize spending, enhance business strategies, and predict future trends. The platform supports environments including Amazon Web Services, Microsoft Azure, Google Cloud Platform, as well as multicloud and hybrid cloud configurations. The company has earned AWS Education and Migration Competencies and holds SOC 2 Type 2 Compliance certification.
Funding
By June 2017, CloudHealth Technologies had accumulated $85.7 million through four funding rounds.
The initial Series A funding round in March 2013 brought in $4.5 million, led by .406 Ventures and Sigma Prime Ventures. This was followed by a Series B round of $12 million in January 2015 from Scale Venture Partners alongside .406 Ventures and Sigma Prime Ventures, plus an additional $3.2 million extension round.
In May 2016, the company secured $20 million in a Series C round led by Sapphire Ventures with participation from earlier investors. The largest infusion came in June 2017 with $46 million raised during the Series D funding, spearheaded by Kleiner Perkins Caufield & Byers and including Meritech Capital Partners, Sapphire Ventures, .406 Ventures, and Scale Venture Partners.
Competition
By March 2023, the primary rivals of CloudHealth Technologies included Cloudability, a product of Apptio, and CloudCheckr, offered by NetApp.