, a 15-year-old San Jose, California-based startup developing modeling software for hybrid cloud environments, today announced a growth equity investment from Symphony Technology Group (STG), a private equity firm based in Palo Alto. It didn’t disclose the exact amount, but said that it’s a 70 percent majority stake, and that it brings RedSeal’s total raised to date to $142 million. (Previous funding rounds totaled about $77 million, according to Crunchbase.) That puts it somewhere north of $60 million.
RedSeal CEO and chairman Ray Rothrock said the infusion will be used to “support” growth, which has accelerated pretty dramatically over the past year. The company now counts more than 220 Global 2000 corporations and mission-critical government agencies in North America, Europe, and Asia among its customer