Adept Cloud Obtains $700,000 Series A Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bb850004-ec94-48c6-afaa-d1d0247b3d77&Preview=1 -
Date
11/2/2012 -
Company Name
Adept Cloud -
Mailing Address
1900 S Norfolk St San Mateo, CA 94403 -
Company Description
Adept Cloud, Inc. is a venture-backed provider of the industry’s first cloud-managed private collaboration solution. Its adeptCloud solution enables businesses to easily collaborate internally and externally while maintaining the uncompromising security of the private cloud. Unlike existing private collaboration solutions, adeptCloud is managed in the cloud, taking the complexity out of data privacy and enabling deployment and configuration to take place in minutes – not months. adeptCloud simplifies collaboration for users, who can access documents from the desktop, mobile devices or via the Web. -
Website
http://www.adeptcloud.com -
Transaction Type
Venture Equity -
Transaction Amount
$700,000 -
Transaction Round
Series A -
Proceeds Purposes
The money is being used for product development, as well as to execute the adeptCloud pilot and early customer implementations. -
M&A Terms
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Venture Investor
The Entrepreneurs Fund -
Venture Investor
Undisclosed
