Gravitant offers a cloud brokerage and multi-cloud management platform delivered as SaaS, with its cloudMatrix product for planning, buying, managing and brokering cloud services. The platform is designed to move organizations from a slow service-ticket model to an agile design-to-order model, improving time-to-value from months to minutes and reducing IT costs by as much as 50%, per the company. Gravitant positions itself as a leader in the enterprise cloud brokerage and management market and is used by some of the largest enterprises in the country. The company plans to use new funding to expand sales and marketing to meet growing customer demand and to extend the capabilities of its platform to target new customer segments. Management emphasizes enabling CIOs to deliver business-unit agility while retaining IT safeguards. Gravitant is described as a leading software company in the enterprise cloud brokerage and management market. Its core product is the cloudMatrix cloud brokerage and multi-cloud management platform, which the company positions as an IT‑as‑a‑Service solution for large enterprises. The platform enables users to select, procure, consume, and manage cloud services, shifting from a slow service‑ticket model to an agile design‑to‑order model. Gravitant says cloudMatrix improves time‑to‑value from months to minutes and can slash IT costs by up to 50%. The company plans to use the new funding to expand sales and marketing and to extend cloudMatrix capabilities to satisfy new customer segments. Gravitant is based in Austin, Texas and aims to grow as a major software company in the market.

Total raised

$35M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2014