DynamicOps has secured $5 million in funding from Intel Capital, adding to the company’s previously announced $11 million Series B round, which was originally led by Sierra Ventures and included Next World Capital.
DynamicOps is using the capital from the extended B round to fund global sales, marketing and development of its enterprise cloud solutions.
The investment from Intel Capital funding follows a series of achievements for DynamicOps, including ‘Best of VMworld 2011’ for private cloud and ‘Gartner Cool Vendor for Cloud Management’ as well as record business growth.
DynamicOps says revenue more than doubled and new customer acquisitions grew by 300 percent in the first half of 2011 compared to the same period last year.
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