Vega Cloud secures $2.3 million in venture capital
Capital infusion to go to marketing, software development, CEO says
Kevin BlockerSeptember 24th, 2020
Liberty Lake Cloud Inc., a Liberty Lake, Washington software company that does business as Vega Cloud, recently completed a $2.3 million round of investment funding.
Vega Cloud CEO and co-founder Kris Bliesner says recent funding sources include the Kick Start angel investment fund, Mind to Market LLC, the Morning Star Foundation, and the high-profile Seattle-based venture capital firm fund Voyager Capital.
Vega Cloud also secured $250,000 in debt financing from Ignite Northwest. The latest funding round opened in July and closed at the end of August, he says.
Bliesner says the capital infusion will be used for Vega’s sales and marketing initiative’s while continuing to develop its software platform.
The company currently is working on a software package that will enable entertainment and media companies to edit high-quality graphics and 4K video remotely. So far, Vega Cloud’s primary clients are tech software and insurance companies, he says.
Bliesner, along with five other former co-workers from cloud computing company 2nd Watch Inc., of Liberty Lake, launched Vega Cloud in April. The company currently has nine employees and is located in the Liberty Lake Portal building at 23403 E. Mission, on the northwest corner of Mission Avenue and Molter Road.
Bliesner, who formerly served as the chief technology officer at 2nd Watch, says he and Vega Cloud’s team of engineers have built a software platform that helps businesses and consumers manage their cloud infrastructure.
“We all believe there is a lot of opportunity in this space,” Bliesner says of the proliferation of cloud software development. “A lot has changed; people are working remotely, and businesses need to be efficient and nimble.”