What is CloudFrame?
Founded in 2015 and headquartered in New York City, New York, CloudFrame specializes in providing software products designed to assist customers in overcoming the complexities of mainframe application modernization. Their core offering aims to significantly reduce the total cost of ownership (TCO) associated with maintaining and updating legacy mainframe systems. By enabling modernization, CloudFrame empowers businesses to leverage contemporary technologies, improve agility, and enhance operational efficiency, thereby addressing a critical pain point for many large enterprises still reliant on mainframe infrastructure.
How much funding has CloudFrame raised?
CloudFrame has raised a total of $1.5M across 1 funding round:
Angel/Seed
$1.5M
Angel/Seed (2019): $1.5M with participation from The New York Angels
Key Investors in CloudFrame
The New York Angels
The New York Angels is an angel investment group that focuses on early-stage companies. Their participation in CloudFrame's funding round suggests a belief in the company's foundational technology and market potential during its initial development phase.
What's next for CloudFrame?
With the recent infusion of capital, CloudFrame is strategically positioned to accelerate its growth and expand its market reach. The enterprise-level funding suggests a focus on scaling sales and marketing efforts, as well as continued investment in research and development to enhance its modernization platform. This backing will likely enable CloudFrame to capture a larger share of the mainframe modernization market, a sector ripe for digital transformation. The company's ability to attract significant investment highlights the increasing demand for solutions that bridge the gap between legacy systems and modern IT environments, promising further innovation and market penetration.
See full CloudFrame company page
