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Cloud Computing Cloud Infrastructure Information Services Information Technology North America SaaS Software Virtual Desktop

itopia Secures $5 Million in Funding as the Global Workforce Embraces the Cloud at Record Pace

– Today, itopia announced an additional $5.3m in funding to accelerate growth and expand market opportunity.
– Investors include Ocean Azul Partners, Hunt Holdings, and other early itopia backers.
– itopia has raised $14.5m to date with the latest funding.
– itopia experienced its strongest year in 2020 as the global workforce began working remotely in vast numbers due to Covid-19.
– The company expanded its sales and marketing activity and invested in product innovation to meet the needs of the world’s fast-growing remote workforce.
– itopia will launch an exciting new product for software development teams later this year.
– The global cloud infrastructure automation and orchestration market is expected to grow at a CAGR of 25.9% from 2019–2024 to an aggregate $73.4 billion by 2024.

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