About ParkMyCloud
ParkMyCloud is a company based in Dulles (United States) founded in 2015 was acquired by Turbonomic in May 2019.. ParkMyCloud has raised $1.95 million across 2 funding rounds from investors including Turbonomic, Cofounders Capital and Whitehall. ParkMyCloud operates in a competitive market with competitors including Apptio, Anodot, Flexera, Cloudability and Vendr, among others.
- Headquarter Dulles, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Parkmycloud, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.95 M (USD)
in 2 rounds
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Latest Funding Round
$1.65 M (USD), Seed
Sep 06, 2016
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Investors
Turbonomic
& 2 more
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Employee Count
Employee Count
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Acquired by
Turbonomic
(May 13, 2019)
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Funding Insights of ParkMyCloud
ParkMyCloud has successfully raised a total of $1.95M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.65 million completed in September 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.6M
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First Round
First Round
(01 Oct 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2016 | Amount | Seed - ParkMyCloud | Valuation | Cofounders Capital |
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| Oct, 2015 | Amount | Seed - ParkMyCloud | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ParkMyCloud
ParkMyCloud has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Turbonomic, Cofounders Capital and Whitehall. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage technology startups are supported through venture capital investments.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Workload management solutions for cloud and virtualized environments are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ParkMyCloud
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ParkMyCloud
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parkmycloud Comparisons
Competitors of ParkMyCloud
ParkMyCloud operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Apptio, Anodot, Flexera, Cloudability and Vendr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud spending is managed for enterprises through a specialized platform.
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| domain | founded_year | HQ Location |
AI based cost management platform
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| domain | founded_year | HQ Location |
Cloud management solutions are delivered via an online IT platform.
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| domain | founded_year | HQ Location |
Cloud expenses are monitored and analyzed for organizational efficiency.
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| domain | founded_year | HQ Location |
SaaS management platform is provided for procurement and IT teams.
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| domain | founded_year | HQ Location |
Infrastructure monitoring is enabled via usage-based billing platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parkmycloud
Frequently Asked Questions about ParkMyCloud
When was ParkMyCloud founded?
ParkMyCloud was founded in 2015.
Where is ParkMyCloud located?
ParkMyCloud is headquartered in Dulles, United States. It is registered at Dulles, Virginia, United States.
Is ParkMyCloud a funded company?
ParkMyCloud is a funded company, having raised a total of $1.95M across 2 funding rounds to date. The company's 1st funding round was a Seed of $300K, raised on Oct 01, 2015.
What does ParkMyCloud do?
ParkMyCloud was founded in 2015 and is headquartered in Dulles, United States. Operations focus on the cloud cost optimization sector through a SaaS application. Idle cloud services are automatically turned off during periods of low workload activity and placed in a parked state. This process enables cost reductions for users managing compute instances across cloud environments. The service is delivered via the domain parkmycloud.com.
Who are the top competitors of ParkMyCloud?
Who are ParkMyCloud's investors?
ParkMyCloud has 3 investors. Key investors include Turbonomic, Cofounders Capital, and Whitehall.
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