CopperEgg Raises $2.1 Million from Investors, Names New CEO

A provider of cloud monitoring and analytics, CopperEgg completed its Series A funding round, led by Silverton Partners. Also taking part was: Webb Investment Network (which is the investment fund of ex-eBay (News - Alert) COO Maynard Webb) and private investors, such as Asana executive, Kenny Van Zant.

The new CEO, Bob Quillin, has 28 years of experience in technology and business management. It includes background in management in IT, cloud computing and virtualization. He also worked in marketing and sales. Over the years, he worked at such firms as Hyper9, EMC (News - Alert) Lonix and nLayers. He graduated from Johns Hopkins University and George Washington University.

"Cloud computing has grown dramatically over the last few years to address a broader base of customers who have ever increasing demands for speed, simplicity, quality of service and value," Quillin said in a recent statement about the company and the sector. "CopperEgg is at the forefront of a second generation of companies who are enabling this mass adoption, through SaaS (News - Alert)-based solutions that are smarter, faster, lighter weight, and more accessible than the previous generation of cloud monitoring tools. I'm excited to join CopperEgg to help our customers accelerate their cloud adoption and optimize their infrastructure. This round of investment will expand our product development efforts and go-to-market programs."

Maynard Webb, founder of Webb Investment Network, said in a press release that CopperEgg has come up with a “broad customer base through their real-time cloud analytics platform –which they deliver as a simple, affordable, and easy to deploy SaaS offering.”

Based in Austin, Texas, CopperEgg provides SaaS-based (Software as a Service) server monitoring and cloud analytics which provides intelligence on performance, trends and support on diverse types of organizations, according to the company’s website. The total amount raised by the company is $4.1 million.

In other recent news about Silverton Partners, TMCnet reported that the firm has funded UnboundID (News - Alert), which is another Austin-based company, and is a platform provider for identity services.