The cloud software provider took its overall financing to at least $67m in a Dell-backed round and will spend the proceeds on growth, product development, sales and marketing.
US-based cloud software provider Faction has completed an $18m series B round featuring Dell Technologies Capital, the corporate venturing vehicle owned by computing hardware producer Dell.
The round was led by River Cities Capital Funds and also featured fellow growth equity firm Meritage Funds and private equity firms Sweetwater Capital and Charterhouse Strategic Partners.
Originally founded in 2006 as Elementek, Faction supplies software that helps clients create and manage hybrid and multi-cloud computing networks. Its technology partners include Dell’s data…
