TechStars Alum Cloudability Gets Funding From Foundry

Cloudability, a TechStars startup out of the TechStars Cloud program in San Antonio, has raised $8.7M in a funding, the firm said this morning. The round was led by Boulder-based venture capital firm Foundry Group. Jason Mendelson of Foundry Group and Jason Seats of TechStars have joined the company's board as part of the funding round. Cloudability said the new funding will go towards hiring. More information »