Cloud collaboration startup Huddle raises another $51 million

Huddle plans to keep growing its geographical footprint in the United States and Europe while doubling the size of its product team.

The enterprise cloud storage market continues to be a stacked horse race.

Read this

CxO Talk: Gartner says 'provide and pray' collaboration won't work

In episode 5 of CxO Talk, Gartner analyst, Mark P. McDonald, presents a compelling and insightful view of social collaboration and relationships between IT, the chief marketing officer, and lines of business.

Read More

In the latest turn of events, another group of investors are placing their bets on Huddle, a London-based cloud collaboration company.

Also co-headquartered in San Francisco with offices in New York and Washington, Huddle has secured itself another $51 million after completing its Series D round of funding.

The software startup had previously received $38.2 million total from three rounds of fundraising, according to CrunchBase.

With the round led by Zouk Capital, Nathan Medlock, a partner at the British private equity firm who led the deal, will also join the Huddle board.

The Series D round included participation by the Hermes GPE Environmental Innovation Fund as well as previous investors Matrix Partners, Jafco Ventures, DAG Ventures, and Eden Ventures.

The fresh funds will be directed toward further development around external collaboration products aimed at enterprise and government clients.

Some of Huddle's most high-profile customers to date include Panasonic Europe, NASA, and 80 percent of central U.K. government departments.

Huddle most recently unveiled a new secure publishing platform with a decked-out analytics dashboard aimed at these particular demographics. Designed for collaboration among teams, the publishing platform can be accessed by users both within and outside a designated firewall. The dashboard is scheduled to go live in early 2015.

Huddle also noted in Thursday's announcement that it plans to keep growing its geographical footprint in the United States and Europe while doubling the size of its product team.