Huddle gets $24m second-round funding as CIOs wake up to cloud collaboration
UK software firm Huddle has received $24m second-round funding to support its global expansion as CIOs wake up to cloud collaboration
UK collaborative software developer Huddle has received another round of funding to support its global expansion as CIOs wake up to cloud collaboration.
The $24m funding from venture capitalists means Huddle has now raised $40m in equity funding since the its launch in 2007.
Huddle’s software enables staff at organisations to store, discover, share and work on content with others in the cloud. It supplies to Fortune 500 companies as well as UK central government departments.
Business customers include Diageo, Kia Motors, Centrica and PWC.
UK public sector customers include the Department for Business, Innovation and Skills, the Cabinet Office and the Ministry of Justice.
Huddle is one of the suppliers listed on the government’s CloudStore.
Over 100,000 people use Huddle’s software in 180 countries.
Alastair Mitchell, co-founder and CEO at Huddle, told Computer Weekly that the latest investment will be used to keep up with demand, particularly in the enterprise sector.
The company grew its enterprise business five-fold this year and expects it to increase eight-fold next year.
“CIOs are waking up to content collaboration in the cloud and we are seeing huge growth,” said Mitchell.
He said to keep pace with demand the company needs to spend the funds on people.
“A large part of this will go on hiring developers in the UK and sales and support staff in the US,” said Mitchell.