Spectro Cloud announced the closing of a $40 million Series B funding round, led by New York City-based Stripes, a leading investor in software and consumer products. Other investors participating in the round included Sierra Ventures, Boldstart Ventures, WestWave Capital, T-Mobile Ventures and Alter Venture Partners, all of which also participated in the $20 million Series A funding round that Spectro Cloud closed in July.

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