What is Model9?
Model9 is a computer software company dedicated to accelerating digital transformation and the adoption of cloud technologies within large enterprises. Its core mission revolves around modernizing mainframe data management and business intelligence capabilities, enabling legacy systems to seamlessly integrate with modern cloud economics. By addressing the complexities of mainframe data, Model9 empowers organizations to unlock new insights and operational efficiencies, bridging the gap between traditional IT infrastructure and contemporary cloud-based solutions.
How much funding has Model9 raised?
Model9 has raised a total of $9M across 1 funding round:
Series A
$9M
Series A (2020): $9M with participation from Intel Capital, StageOne, GlenRock, and North First Ventures
Key Investors in Model9
Intel Capital
Intel Capital is a prominent venture capital arm of Intel, known for investing in technology startups across various sectors including AI, cloud, and next-generation computing. Their participation suggests a strategic alignment with Model9's technological advancements.
GlenRock
GlenRock Israel is a private equity firm offering flexible investment strategies and access to deal flow, focusing on various sectors. Their involvement indicates confidence in Model9's market potential and business model.
StageOne
StageOne is an investor in this funding round, contributing to Model9's growth and expansion efforts. Specific details on their investment focus were not immediately available.
What's next for Model9?
With its recent major strategic investment, Model9 is poised to further enhance its platform and expand its reach. The company's focus on mainframe modernization is particularly relevant as enterprises increasingly seek to leverage cloud benefits without abandoning their existing critical infrastructure. This funding will likely fuel product development, bolster sales and marketing efforts, and strengthen strategic partnerships, enabling Model9 to capture a larger share of the enterprise data management and cloud migration market. The company's trajectory suggests a continued emphasis on innovation and customer success in facilitating seamless cloud adoption for large organizations.
See full Model9 company page
