Platform9 in the News

Platform9, a provider of a SaaS-managed hybrid cloud, is receiving $25 million in Series D funding, enabling the company to continue expanding its global salesforce, product, and marketing teams, as well as continue delivering new capabilities for cloud-native hybrid cloud infrastructure management.

The company’s performance caught our eye. As part of its funding announcement, Platform9 reported that it recently “[drove] revenue growth of 130 percent in [annual recurring revenue, or ARR] and 156 percent in [total contract value, or TCV] bookings compared to the previous year.”

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.

Platform9, a Sunnyvale, California-based company developing a software-as-a-service (SaaS) hybrid cloud management solution, today announced that it’s secured $25 million in series D funding

Platform9 specializes in delivering managed versions of some of the most popular open-source software projects. The company began life as an OpenStack-as-a-service provider before moving into software containers with its Managed Kubernetes service.

With strong revenue growth, Platform9 sets sights on international expansion to grow sales and marketing efforts globally, and further scale its product organization

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.

Platform9 offers the industry’s only SaaS-managed Hybrid Cloud solution that delivers fully automated day-2 operations with 99.9 percent SLA for Kubernetes, bare-metal, and VM-based environments.

This round was led by NGP Capital, with participation from Mubadala Ventures and all existing investors (Redpoint Ventures, Menlo Ventures, Canvas Ventures, and HPE Pathfinder).

Platform9 shares best practices for Kubernetes at scale on Bare Metal, with RDBMS, and with serverless apps at Open Source Summit and other industry events in August.

Platform9 will present three sessions at Open Source Summit North America. The company is also sponsoring VMworld 2019 US, and will present at a live webinar from VMworld about Kubernetes and cloud-native for Enterprise IT.