Top 10 CloudTech Capital Raises in the U.S. – June 1st – 15th, 2025

Several interesting transactions closed in the CloudTech sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.

Merger/Acquisition

  1. Crunchy Data, an enterprise data management platform designed to eliminate expensive proprietary database costs for both public and private sector customers, acquired by Snowflake for $250 million.
  2. Neon, open-source cloud-native Postgres designed to create a cloud-native database service for developers, acquired by Databricks.

Later Stage VC

  1. EarlyDx, a diagnostic and bioinformatics platform designed to help with liquid biopsy tests for cancer detection, therapy selection, and treatment monitoring, raised venture funding from Device of Tomorrow Capital.
  2. iFoodDS, a traceability software designed to transform the supply chain of the agriculture industry, raised $31.49 million of venture funding.
  3. Linear, an issue-tracking and project management tool designed to build and manage software efficiently, raised $82 million of Series C venture funding in a deal led by Accel.

Early Stage VC

  1. Antimetal, an automated cloud cost optimization platform designed for financial efficiency, raised $20 million of Series A venture funding in a deal led by Sound Ventures.
  2. Bloom, a software development platform designed to build and share mobile applications, venture funding from S2S Ventures.

Seed Round

  1. FlowFuse, a low-code programming platform designed to let organizations reliably deliver applications in a continuous, collaborative and secure manner, raised $7.22 million of Seed-3 funding in a deal led by Senovo.
  2. Salus Cloud, an AI-native platform designed for secure and scalable software deployment, raised $3.7 million of seed funding in a deal led by P1 Ventures and Atlantica Ventures.
  3. Testaify, an artificial intelligence-based autonomous testing platform designed to help software development organizations find and fix defects faster and with less effort, raised $2.51 million of seed funding in the form of convertible debt.

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Rebecca Lacy

Managing Director

More than 30 years positioning companies for growth. She began her career as a retail business owner then transitioned to McDonnell Douglas/Boeing where she worked to help small businesses gain significant market share. This included advocating at the federal level for legislation to facilitate competition for small businesses. Helped businesses secure non-traditional funding through grants, as well IP and equipment donations. Served in a board or advisory capacity for several economic development organizations. Transitioned to business ownership where she and her team created diagnostic tools and training that helped companies function with greater efficiency and flexibility. Domestic and international clients ranged from start-ups to multi-national corporations from a broad array of industries, government agencies and not-for-profits. B.A. in Public Administration, MBA from Western International University. FINRA Series 7 and 63 licenses.

Rebecca Lacy

Rebecca Lacy

Managing Director

Rebecca Lacy

Managing Director

Please contact me if you have any questions or would like to discuss your capital raise:

Email: rlacy@castleplacement.com

C: (212) 418-1181 | C: (573) 880-2974

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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.

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Thanks, Ken

Ken Margolis | Managing Partner Castle Placement
1460 Broadway Street
New York, New York 10036
(212) 418-1180
kmargolis@castleplacement.com

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