Appcore, a Des Moines, Iowa-based cloud computing automation platform startup, has just announced its latest round of funding: a $6 million cash infusion.
This is Appcore’s second round of institutional funding; its Series A was a $5 million round from Interstate Communications, Omnitel Communications, and Broadhorn Capital almost exactly one year ago.
Today’s funding comes from Telephone Acquisition Company, an Iowa firm whose previous investments, if any exist, are unknown. DH Capital, which has particular expertise in web, telecom, and SaaS companies, also participated in the round and will be acting as the exclusive adviser to the startup. The new money will be used for — what else? — expansion, sales, and development.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
“Our goal has always been to build a successful, enduring company that provides the world with local cloud infrastructure, and we see a huge market opportunity ahead of us,” said Brian Donaghy, CEO of Appcore, in a statement on today’s news.
“This financing sets us up for additional investments in research and development to enhance our product while expanding to provide local cloud infrastructure to other regions around the globe.”
Appcore, which makes software to help data centers, telcos, software vendors, and enterprises transition to cloud computing, recently launched its new Automation Management Platform (AMP). In addition to its Iowa HQ, the startup also has offices in San Francisco, Manila, Singapore, Hong Kong, and Atlanta. Appcore was founded in 2008.
