Nuon Inc. has raised $16.5 million in funding for its Bring Your Own Cloud platform for third-party software providers.
The platform allows software companies to deliver software-as-a-service-like experiences directly within their customers' own cloud accounts.
Nuon combines the convenience of SaaS with security and self-hosted compliance, addressing the demands of enterprises for compliance and data sovereignty.
The funding will be used to boost product development and accelerate customer acquisition, with plans to launch the platform in general availability next year.