Clloud9 has raised $17.5 in a Series B funding round led by UBS.
In Brief:
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The round also included existing investors JP Morgan and Barclays.
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Cloud9 supplies voice trading software.
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It offers a compliant, cloud-based system to provide access to a ‘virtual trading floor’.
What does this mean?
The funding round comes as Cloud9 reports significant growth. It has seen new business increase by over 50% since March and says it has onboarded “several” banks and investment firms.
