Ignition Partners announced some changes to its investment portfolio on Thursday, as the Bellevue-based venture capital firm saw IBM scoop up one of the cloud startups it backs, at the same time a new company was brought into the family.
StrongLoop, which Ignition first backed when it co-led an $8 million Series A funding round in 2013, was acquired by IBM on Thursday. The company’s platform will be integrated into IBM’s existing software offerings to help enterprises develop cloud-based apps that all connect and share data through APIs.
The terms of the deal were not disclosed, but the sale certainly represents a quick win for Ignition just two years after backing the San Mateo, Calif. startup.
Also on Thursday, Ignition announced it co-led a $10 million Series A funding round in Aviatrix with fellow VC Formation 8.
Aviatrix, which is headquartered in Santa Clara, Calif., allows enterprise employees to connect remotely to cloud applications without using traditional VPNs.
The startup was founded in 2014 and has between 11 and 50 employees, according to its LinkedIn page.
The investment comes just months after Ignition announced it had raised a new $200 million fund to pump into new enterprise software startups.