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.
“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
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