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Platform9 Closes $26 Million Financing Led By Celesta Capital

Jun 14, 2022•about 3 years ago

Amount Raised

$26 Million

Mountain View

Description

Platform9, the Open Distributed Cloud company, today announced that it has closed $26 million financing led by Celesta Capital, with participation from Cota Capital, NGP Capital, and other investors. This financing round comes on the back of three consecutive years of 100% growth in annual recurring revenue (ARR) for SaaS Kubernetes, led by enterprise interest in cloud-native distributed clouds.

Company Information

Company

Platform9

Location

Mountain View, California, United States

About

Platform9 is the Open Distributed Cloud company, offering the power of the public cloud on infrastructure of customers' choice – powered by Kubernetes and cloud-native technologies. Public clouds are walled gardens, and DIY is difficult and time-consuming. Platform9 offers a third option – an open and faster option – enabling a better way to go cloud-native. Platform9's service powers 40K+ nodes across private, public, and edge clouds. Innovative enterprises like Juniper, Kingfisher Plc, Mavenir, Redfin, and Cloudera achieve 4x faster time-to-market, up to 90% reduction in operational costs, and 99.9% uptime. Platform9 is an inclusive, globally distributed company, backed by leading investors.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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