Serverless, Inc. Launches Serverless Platform to Make Operating Serverless Applications Simple
Serverless, Inc., creators of the open source Serverless Framework, today announced their $10M Series A funding, led by Lightspeed Venture Partners with additional participation by Trinity Ventures. Their Series A goes toward further development on the new Serverless Platform, now available in beta-a single toolkit offering everything teams and enterprises need to operationalize serverless deployments.
Robust tooling for a growing movement
According to Research and Markets, the serverless market size is estimated to grow from $1.88bn in 2016 to $7.72bn by 2021, at a Compound Annual Growth Rate (CAGR) of 32.7%.
"We believe developers and enterprises will drive a massive shift to serverless applications in the cloud over the next decade," Barry Eggers, Partner at Lightspeed Venture Partners, "and Serverless, Inc. is well positioned to take advantage of that trend."


Rubrik, the Cloud Data Management company, announced the general availability of Polaris Radar, the latest data management application built on the Polaris SaaS platform. Polaris Radar leverages machine learning to model threat behavior, accelerating how enterprises mitigate data security incidents. In the event of an attack, such as ransomware, enterprises can now minimize business disruption and data loss by recovering in just a few clicks across their entire environment.
Five9, Inc.
Alibaba Cloud, the cloud computing arm of Alibaba Group, today announced the launch of their second availability zone ("Availability Zone B") in Malaysia to expand its cloud footprint and bolster its cloud capacity, serving increasing customer demand locally and in the region. The new zone complements Availability Zone A which was launched last year in heightening cloud security and ensuring business continuity through resilient cloud infrastructure.