The Cloud Sector continues to grow, with this list as evidence. In May 2012, we tracked 4 companies that received funding to further execute and expand their businesses. Marketing Automation, On-Site Search, Cloud Monitoring, and Customer Success are represented here. Learn more about these companies, their capital backing and how they plan to use the funds to push their success to the next level.
elicit, on-site search solutions provider, has received $1.5 million in Series A funding. elicit's technology focuses on improving conversions via on-site search using an easy-to-manage combination of algorithmic and curated search results. Adam Heneghan, co-founder and President of elicit, noticed that more people visiting sites were going straight to the search box and providing valuable information about their needs. The elicit tool allows marketers to engage with this search interaction, which used to be mainly in the domain of IT. The Series A funding will be used to ramp up sales and marketing. The investors for this round were Greycroft Partners, First Round Capital, and Michael Lazerow's L3 investment fund.