Funding

YugaByte Launches From Stealth with $8M In Series A Funding

Grazed from YugaByte

YugaByte, a cloud-native database for mission-critical applications, launched today from stealth with $8 million in Series A funding led by Ravi Mhatre of Lightspeed Venture Partners and other prominent angels including Jeff Rothschild, former VP of Infrastructure at Facebook. Bipul Sinha, CEO of Rubrik, is a strategic advisor to the company.

The founders, Kannan Muthukkaruppan, Karthik Ranganathan, and Mikhail Bautin, are ex-Facebook engineers who were instrumental in scaling and maturing Apache HBase for massive real-time workloads such as Facebook Messages & Facebook's Operational Data Store. At YugaByte, they have assembled a stellar team of distributed systems and database experts from Facebook, Oracle, Nutanix & Google and built a fundamentally new database for modern, mission-critical applications.

"The knowledge and experience of YugaByte's leadership team is just one of the many reasons we chose to invest," said Ravi Mhatre, Partner, Lightspeed Venture Partners. "Companies today are looking for ways to drive innovation and growth, and YugaByte, with this new cloud-native database for mission-critical data, does just that. We are excited to be on this journey with the team.''

HashiCorp Raises $40 Million to Meet Demand for Cloud Infrastructure Automation

Grazed from HashiCorp

HashiCorp, a leader in cloud infrastructure automation, today announced that it has raised $40 million in Series C funding from its existing investors, bringing the total raised to $74 million. The round was led by GGV Capital and Redpoint, with Mayfield and True Ventures also participating. The company plans to use the new funding to accelerate investment across its go-to-market, engineering, and customer success teams to support its rapidly growing customer base.

"Broad usage of our products by operations, security, and development professionals has meant that HashiCorp products play an increasingly critical role for many large enterprises as they adopt cloud," said Dave McJannet, CEO of HashiCorp. "Our products provide consistent workflows to provision, secure, connect, and run any infrastructure, so we are uniquely positioned to help enterprises address the realities of multi-cloud. Our commercial customer base has grown significantly over the past 18 months and this funding will allow us to invest aggressively across the breadth of our organization and with a particular emphasis on customer support and success."

Mitchell Hashimoto and Armon Dadgar, HashiCorp's founders and co-CTOs, launched the company in 2012.

Heptio Closes $25 Million Series B Funding to Accelerate the Growth of Cloud Native Computing

Grazed from Heptio

Heptio, founded by two of the creators of Kubernetes to accelerate the growth of the Kubernetes community and make the platform more accessible to businesses of all sizes, announced the closing of a $25 million Series B funding round. Led by Madrona Venture Group and joined by Lightspeed Venture Partners and Accel Partners, this latest funding comes less than a year after the company's first round of $8.5 million bringing the total raise to $33.5 million.

"This new funding accelerates our growth and enables us to look beyond Kubernetes to support businesses' IT transformation efforts in a hybrid-cloud world," said Heptio CEO, Craig McLuckie. "We are excited to partner with investors who share our enthusiasm and support our vision to bring cloud native computing to all IT organizations."

Kubernetes is an open source platform for automating the deployment, scaling and management of application containers. Containers have emerged as an important tool for enterprise software developers, and a critical stepping stone to cloud-native IT deployments. Containers simplify the process of deploying software into a production environment, and create legitimate portability between different cloud environments, or between an on-premises and cloud environment.

Spotinst Raises $15M A Round Led by Intel Capital and Vertex Ventures

Grazed from Spotinst

Spotinst, a leading cloud workload management company, announced today a $15M Series A financing round, led by Intel Capital and Vertex Ventures with participation from Springtide Ventures.

Spotinst makes it easy to tap unused cloud computing capacity and power. Since launching 18 months ago, the company has proven the concept by selling millions of spot Instances per week. Over the last year, Spotinst grew 30% month over month, and now manages hundreds of millions of computing hours for its customers.
 

Platform9 Raises $22 Million Series C Funding to Reimagine Hybrid Clouds

Grazed from Platform9

Platform9, the open-source-as-a-service company making hybrid clouds easy, today announced it has raised $22 million in Series C funding led by Canvas Ventures. Hewlett Packard Enterprise (HPE) also participated in the round, as did existing investors Redpoint Ventures and Menlo Ventures. The funding round, which brings Platform9's total capital raised to date to $36.5 million, allows the company to scale its pioneering cloud delivery model, which makes it easy to deploy, manage and maintain hybrid clouds with popular cloud frameworks, such as Kubernetes, OpenStack and Fission. The new capital enables Platform9 to scale its global salesforce, product and marketing teams, as well as boost engineering investments as it expands its innovation agenda to deliver new capabilities for hybrid clouds.

"Enterprises today are racing to adopt the cloud, but struggle with managing numerous infrastructure silos, ranging from legacy virtualized data centers to pockets of public cloud deployments," said Sirish Raghuram, CEO, Platform9. "With our novel SaaS approach to complex cloud frameworks, we enable infrastructure anywhere to be easily managed using industry-leading open-source frameworks such as Kubernetes and OpenStack. Today, Platform9 is enabling DevOps, reducing costs and accelerating cloud transformation for more than 200 clouds worldwide."

Avere Systems Closes $14 Million Series E to Expand Cloud Offerings

Grazed from Avere Systems

Avere Systems today announced the close of a $14 million Series E funding with participation from existing investors Menlo Ventures, Norwest Venture Partners, Lightspeed Venture Partners, Tenaya Capital and Western Digital Capital, and new investor Google Inc. The new investment brings Avere's total funds raised to $97 million, and will be used to expand the company's hybrid cloud product offerings so that more organizations can easily take advantage of the public cloud. Avere has established itself as a leader in the hybrid cloud market, helping enterprises reap the benefits of cloud economics and flexibility with solutions based on its high-performance scalable file system.
 

CloudCheckr Secures $50 Million Series A From Level Equity

Grazed from CloudCheckr

CloudCheckr, the leading cloud management platform, announced today that it has raised $50 million in institutional funding from Level Equity. The funding round will augment an already profitable business that has tripled in each of the last three years. CloudCheckr will use the funds to bolster its market-leading platform for modern enterprises, government agencies and managed service providers who demand a comprehensive and scalable multi-cloud management platform that satisfies cost, security, utilization and compliance concerns.

"Cloud management is a highly complex but increasingly mainstream issue - especially for the forward-looking enterprises who are leading the public cloud revolution," said Aaron Newman, CEO and Co-Founder at CloudCheckr. "We have had an astonishing amount of interest in our business as it has continued to scale quickly and profitably and were very deliberate in our timing and choice to bring on an institutional investment partner that would help accelerate our lead in this exciting marketplace. Level's investment is validation of the pressing need to get visibility and control of exploding cloud environments and we're excited to keep building, innovating and giving organizations the tools they need to go fast at scale."

VeloCloud Raises $35M to Meet Accelerating Global Demand for Cloud-Delivered SD-WAN

Grazed from VeloCloud Networks, Inc.

VeloCloud Networks, Inc., the Cloud-Delivered SD-WAN company, today announced that it has closed a $35 million Series D round of funding, led by Hermes Growth Partners. Round participants included new investors Telstra Ventures and Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia ("Khazanah"), in addition to existing investors New Enterprise Associates (NEA), Venrock, March Capital Partners, Cisco Investments, and other undisclosed strategic investors.

The funding will be used to expand business, capacity and operations as the company accelerates new SD-WAN product development, supports larger customer rollouts, and dramatically increases sales and marketing in theaters worldwide. Today's funding brings the company's total funding to $84 million.

"We have been following the exploding SD-WAN space very closely and recognize its potential to transform enterprise WAN," said Bobby Yerramilli-Rao, founder and partner at Hermes Growth Partners. "We decided to invest in VeloCloud because of the company's highly differentiated solution, superb track record with customers, and exceptional management team."

Panzura Closes $32 Million Growth Capital Round

Grazed from Panzura

Panzura, the leader in hybrid cloud storage, today announced a new $32 million growth capital round led by Matrix Partners and joined by Meritech Capital Partners, Opus Capital, Chevron and Western Digital as well as an undisclosed strategic investor. The new financing will be used to scale Panzura's leadership in leading the massive transformation of the $32B on premise storage market spend to a cloud first storage model. The monies will also be used to expand Panzura's hybrid cloud storage offerings for high performance database and virtual workloads, big data analytics and Internet of Thing (IoT) applications.

Panzura had record growth in 2016, including adding over 100 new enterprise customers and expanding its channel and alliance presence with leading cloud providers AWS, Google, IBM and Microsoft Azure. Panzura added over 26 new petabytes of enterprise storage in 2016 and its hybrid cloud NAS, archive and collaboration storage products were deployed in over 33 countries across multiple industries and governments.

CloudCraze Secures $20 Million in Funding to Meet Growing Demand for Cloud-Based B2B Commerce

Grazed from CloudCraze

CloudCraze, an enterprise digital commerce solution built on the Salesforce platform, has secured $20 million in funding led by Insight Venture Partners. Salesforce Ventures joins Insight as an additional investor. The combined funds will supercharge product development, support continued growth in the United States and EMEA, and expand the company's team of B2B commerce experts.

CloudCraze is a Platinum Salesforce ISV Partner. Built on the Salesforce platform and leveraging the agility of the cloud, CloudCraze allows businesses to harness the power of digital commerce to generate online revenue fast and easily scale for growth. It provides seamless omnichannel interactions and a holistic view across all customer touchpoints. CloudCraze is focused on solving the complex needs of B2B companies including several iconic brands, such as Coca-Cola, Avid, AB InBev, Barry-Callebaut, Ecolab, GE, Land O' Lakes, Kellogg's, and WABCO.