GR Software Firm Gets $8.6M In Capital

GRAND RAPIDS — The Grand Rapids-based data center management software developer Blue Medora announced the close of an $8.6 million Series B funding round led by St. Louis-based Lewis & Clark Ventures.

Blue Medora’s existing investors — Palo Alto, Calif.-based VMware Inc., Ann Arbor-based eLab Ventures, and Grand Rapids-based Start Garden and Grand Angels, also supported the round, bringing Blue Medora’s total capital raised since its inception to $14.5 million.

Blue Medora creates software that offers a single view of applications, databases and infrastructure to quickly resolve IT issues, increase uptime and optimize performance for business applications. Known for developing extensions for virtualized and application management platforms such as Oracle, IBM, VMware vRealize and New Relic, last month Blue Medora launched SelectStar, its first software-as-a-service-based solution that unifies databases and cloud infrastructure monitoring. These Blue Medora IT operational analytics solutions provide IT managers, devops and database architects with complete visibility to the performance of their IT stack.

“Blue Medora is partnering with customers to advance adoption of multi-cloud, multi-database and dev/ops environments that make IT-as-a-service an economic reality,” said Nathan Owen, co-founder and CEO of Blue Medora. “We are excited to work with a bold and innovative team of strategic partners to help us expand our global reach and enable any enterprise to see everything about their IT operations from anywhere.”

Sadi Brian Hopcraft, managing director of Lewis & Clark Ventures: “We believe Blue Medora is providing deep, game-changing insights that weren’t being addressed in the rapidly growing IT operational analytics market. An amazing amount of software innovation is happening at Blue Medora and throughout the Midwest, and we’re confident this partnership is going to accelerate Blue Medora’s ability to deliver the next breed of IT analytics solutions.”

The new investments will scale the engineering, sales, marketing and support organizations to continue to meet the demands of customers.

This funding follows major company milestones, including:
* Marquee customer adoption – Enterprise customers, across all verticals, including the world’s most popular brands and many of the Fortune 500 are adopting Blue Medora.
* Rapid channel growth – In August, VMware began making the Blue Medora’s True Visibility Suite available to its 75,000 channel partners.
* Global presence – Blue Medora has expanded in Europe, the Middle East, Africa and Asia, and plans to hire in-region leadership.
* Leading technology partnerships – Blue Medora jointly certified solutions with established and emerging technology leaders such as VMware, New Relic, Amazon, Cisco, Citrix, Dell, IBM, Mongo, Microsoft, NetApp, Oracle and SAP.

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