Yellowdog raise £2.5m in additional funding
YellowDog, which provides high-performance cloud
Reid Downey is an experienced senior executive in the international enterprise software sales market, including a decade at Microsoft leading software and cloud enterprise sales of Microsoft Azure and Office365 to Fortune 500 companies. His experience will add additional depth and insights to YellowDog’s board as the company accelerates its global sales expansion with existing and new customers, particularly in the US.
The additional funding will be used to increase the scale of YellowDog’s current rendering business and to further extend its presence in the financial services markets, building on its successful expansion into this market in 2018.
Gareth Williams, CEO of YellowDog said “We are excited to welcome Reid to the Board and to secure this further funding given our tremendous year of growth ahead. With our recent wins in the financial services market and more in the pipeline for this year, we are only at the tip of the iceberg in this market. The funding will enable us to support our global customer base and extend our technology into new markets such as aerospace.”
Reid Downey said “I am pleased to join YellowDog in this exciting phase of its growth. In my time at Microsoft, we saw and helped enable the exponential expansion of