Skip to main content
https://www.highperformancecpmgate.com/rgeesizw1?key=a9d7b2ab045c91688419e8e18a006621

Platform9 raises $25 million Series D for its managed hybrid cloud solution

Platform9, the startup best known for its SaaS-based, fully managed hybrid cloud platform, today announced that it has raised a $25 million Series D round led by NGP Capital. Mubadala Ventures and existing investors Redpoint Ventures, Menlo Ventures, Canvas Ventures and HPE Pathfinder also participated in the round.

The company’s managed services sit on top of open-source tools like Kubernetes and OpenStack and focus on providing users with solutions that go beyond the basic infrastructure and help them throughout the lifecycle of their applications. With the proliferation of cloud-native technologies, enterprises are now struggling how to put them into production. With Fission, Platform9 even supports a new serverless framework that is still very much at the cutting edge. All of this comes with a considerable degree of complexity, though, if enterprises want to adopt and deploy these technologies themselves and as Platform9 CEO and co-founder Sirish Raghuram notes in today’s announcement, they want to move fast and are looking for services to simplify these deployments.

home product screen4

“Simplifying the operational burden of delivering cloud-native infrastructure at scale across any environment is a key consideration for organizations going through digital transformation,” he said. “They are looking to leverage open-source modern technologies on top of their existing infrastructure and multi-cloud deployments, without crumbling under the complexity of managing technologies such as Kubernetes, monitoring, service-mesh, and more.”

Platform9 says its revenue grew 130 percent in the last year and its bookings are up 156 percent. It’s also seeing new revenue retention of 124 percent. Like most companies in this position, Platform9 plans to use the new capital to expand its salesforce, product and marketing teams. It also plans to invest in developing its core Kubernetes product, including Managed Prometheus, Managed Istio, kubevirt and others, the company tells me.

The company remains committed to OpenStack, too. “For enterprises and service providers that have many VM workloads, OpenStack remains the only open platform for IaaS and our OpenStack business is on pace to grow  over 100% this year,” Raghuram tells me. “In addition to supporting OpenStack, we’re also investing in supporting VM workloads with kubevirt, which offers less functionality but could be very attractive to enterprise customers who are already committed to cloud-native with Kubernetes. However, kubevirt isn’t yet ready for production and we are guiding customers requiring production support for VMs today to choose OpenStack.”

Comments

Post a Comment

Popular posts from this blog

Uber co-founder Garrett Camp steps back from board director role

Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer — where he says he’ll focus on product strategy for the ride hailing giant. Camp made the announcement in a short Medium post in which he writes of his decade at Uber: “I’ve learned a lot, and realized that I’m most helpful when focused on product strategy & design, and this is where I’d like to focus going forward.” “I will continue to work with Dara [Khosrowshahi, Uber CEO] and the product and technology leadership teams to brainstorm new ideas, iterate on plans and designs, and continue to innovate at scale,” he adds. “We have a strong and diverse team in place, and I’m confident everyone will navigate well during these turbulent times.” The Canadian billionaire entrepreneur signs off by saying he’s looking forward to helping Uber “brainstorm the next big idea”. Camp hasn’t been short of ideas over his career in tech. He’s the co-founder of the web 2.0 recommendatio
Post a Comment
Read more

Drone crash near kids leads Swiss Post and Matternet to suspend autonomous deliveries

A serious crash by a delivery drone in Switzerland have grounded the fleet and put a partnership on ice. Within a stone’s throw of a school, the incident raised grim possibilities for the possibilities of catastrophic failure of payload-bearing autonomous aerial vehicles. The drones were operated by Matternet as part of a partnership with the Swiss Post (i.e. the postal service), which was using the craft to dispatch lab samples from one medical center for priority cases. As far as potential applications of drone delivery, it’s a home run — but twice now the craft have crashed, first with a soft landing and the second time a very hard one. The first incident, in January, was the result of a GPS hardware error; the drone entered a planned failback state and deployed its emergency parachute, falling slowly to the ground. Measures were taken to improve the GPS systems. The second failure in May, however, led to the drone attempting to deploy its parachute again, only to sever the line
Post a Comment
Read more

ProtonMail logged IP address of French activist after order by Swiss authorities

ProtonMail , a hosted email service with a focus on end-to-end encrypted communications, has been facing criticism after a police report showed that French authorities managed to obtain the IP address of a French activist who was using the online service. The company has communicated widely about the incident, stating that it doesn’t log IP addresses by default and it only complies with local regulation — in that case Swiss law. While ProtonMail didn’t cooperate with French authorities, French police sent a request to Swiss police via Europol to force the company to obtain the IP address of one of its users. For the past year, a group of people have taken over a handful of commercial premises and apartments near Place Sainte Marthe in Paris. They want to fight against gentrification, real estate speculation, Airbnb and high-end restaurants. While it started as a local conflict, it quickly became a symbolic campaign. They attracted newspaper headlines when they started occupying prem
Post a Comment
Read more