Funding

HyperGrid Closes $25M Series C Round

Grazed from HyperGrid

HyperGrid, the market leader in Hybrid Cloud Management (HCM), today announced the closing of a $25M Series C round of funding co-led by new investor, HighBar Partners and current investor Atlantic Bridge Capital, and participated in by current investors Acero Capital. The new round will be used to drive product development, expand the global reach for its flagship cloud management solution, HyperCloud and support the Company's growing base of enterprise and managed service provider customers.

"Our completeness of vision, our team and differentiated technology have been well-received within the market," said Nariman Teymourian, Chairman of the Board and Chief Executive Officer at HyperGrid. "With the help of our investment partners, we will look to expand the reach of our cloud expertise and industry-leading hybrid cloud management solution to help businesses around the globe with cloud adoption."

Building upon the Company's successful 2017, HyperGrid has accelerated growth by further penetrating the U.S. market and establishing a solid foothold in APAC and EMEA, resulting in a year-over-year increase in revenue of 300 percent across its enterprise and MSP customer base. HyperCloud is available as a SaaS offering or can be deployed as software on any cloud or on-premises environment to provide customers maximum flexibility in enabling their cloud journey. Since its launch in February 2018, over 100 customers have adopted HyperCloud SaaS. This has enabled HyperGrid to dramatically differentiate itself from competitors which primarily focus on narrower approaches. As a result, HyperGrid was identified as one of CRN Top 10 Cloud Computing Startups for 2018. Additionally, HyperCloud, the industry's first truly intelligent cloud management solution, was rated one of the top three solutions based on the depth of its capabilities by Forrester in the Q2 2018 Hybrid Cloud Management Wave Report.

Sysdig Closes $68.5 Million in Series D to Enable Enterprises to Secure and Monitor Containers and Cloud-Native Applications

Grazed from Sysdig

Sysdig, Inc., the cloud-native intelligence company, today announced it raised $68.5 million in series D funding, led by Insight Venture Partners, with participation from previous investors, Bain Capital Ventures and Accel. This round of funding brings Sysdig's total funding to date to $121.5 million. Sysdig will use the funds to extend its leadership in enabling enterprises to operate reliable and secure containerized infrastructure and cloud-native applications.

Sysdig offers enterprises the first unified approach to container security, monitoring, and forensics. Unlike traditional approaches, the Sysdig Cloud-Native Intelligence Platform was built with an understanding of the modern DevSecOps workflow across Kubernetes, Docker and both private and public clouds. Sysdig's open source forensics technology, Sysdig, and its open source security project, Sysdig Falco, have a community of millions of users, and provide the foundation for a rich, commercial product set. Dozens of Global 2000 enterprises are Sysdig customers today, including many of the world's largest financial institutions, media companies, cable companies, technology companies, and government agencies.

Twistlock Secures $33M in Funding to Fuel Continued Leadership in Cloud Native Security

Grazed from Twistlock

Twistlock, a leader in container and cloud native cyber security, today announced it raised $33 million in Series C funding, led by ICONIQ Capital. In addition to ICONIQ, existing investors YL Ventures, TenEleven, Rally Ventures, Polaris Partners and Dell Technologies Capital all participated in the round, which brings Twistlock's total funding to $63 million to date.  This funding will allow Twistlock to scale its operations and build upon the leading customer and partner base established over the past three years.

"Since our first release in 2015, it's been clear that containers and cloud native were the future - and that there was a huge gap in security platforms that not only protected these new technologies - but also leveraged them to deliver stronger defense than ever before possible. We're proud of our leadership in the industry and the hundreds of customers protected by Twistlock today. Our partnership with ICONIQ reflects this success, and their focus on helping market leaders cement their position sets the stage for our ongoing growth," said Ben Bernstein, Twistlock CEO.

 

Gremlin Brings Chaos Engineering To Every Cloud Organization - Reducing System Downtime and Saving Millions

Grazed from Gremlin

Gremlin helps companies build more resilient systems through a new engineering philosophy called chaos engineering. It is launching with the availability of its Gremlin tool and announcing Series A funding from Index Ventures and Amplify Partners. Starting today, any company will be able to employ chaos engineering to safely inject failure into systems in order to proactively identify and fix unknown faults - similar to an engineering flu shot.

Each year, North American businesses lose over $700 billion a year due to outages. In 2017 alone, major companies including Amazon, Whatsapp,Macys.com, and Slack have all experienced outages that impacted the bottom line and inconvenienced customers. This unreliability is due to the complexity gap in how distributed systems are built. Previously, software ran in a controlled, bare metal environment that introduced few variables, making it possible for engineering teams to identify potential risk and failures before they occurred. Within the last decade, systems have shifted to the cloud and become distributed with microservices and serverless methodologies, which introduced new dependencies on services outside of one's control - creating complexity for any team of engineers to fully understand. This makes failure and outages inevitable.

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.