The technology is already used by 7,000 managed service providers, integrators and distributors
BitTitan, the cloud services enablement firm, has closed a $15 million round of Series A financing led by TVC Capital. The funding marks the first time BitTitan has raised any capital since its founding in 2007.
BitTitan will use the financing to establish its position as a cloud service enablement provider, to augment its MSPComplete platform with more service automation capabilities, and to expand into new geographic markets.
BitTitan’s partner ecosystem includes more than 7,000 managed service providers, systems integrators and distributors, including Ingram Micro, Tech Data, HP, IBM, Avanade, Rackspace, New Signature, Softbank and SADA Systems.
BitTitan improves cloud service delivery with MSPComplete, which aims to empower IT service providers to sell more cloud products, efficiently onboard customers to the cloud, and create more recurring revenue. BitTitan supports leading cloud ecosystems including Microsoft, Amazon, Google and Dropbox.
“The decision to partner with TVC Capital was less about the money, and more about their team’s domain expertise and hands-on approach to helping us expand and further dominate as a cloud leader,” said Geeman Yip, founder and CEO of BitTitan.
“BitTitan started in my basement, and for the past nine years we’ve bootstrapped our way to tremendous growth. This funding validates us both as a leader in the cloud services enablement market and as a disruptive force in modernising the process of moving mission-critical workloads to the cloud.”