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Home > Cloud Computing > Platform9 raises $12.5M in additional Series D Funding

Platform9 raises $12.5M in additional Series D Funding

Platform9 announced it has closed its Series D funding with an additional $12.5 million for a total of $37.5 million.

Erdem Yasar by Erdem Yasar
March 2, 2021
in Cloud Computing
2 min read
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Playform9 raises $12.5M in additional Series D Funding
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SaaS Managed Kubernetes provider for private and edge clouds, Platform9 announced that the company has closed $12.5 million in its additional Series D funding, which brings the total to $37.5 million. The funding round was led by WRVI Capital, with participation from all existing venture investors including NGP Capital, Mubadala Ventures, Canvas Ventures, Menlo Ventures, and Redpoint Ventures.

$37.5 million in total

Sirish Raghuram, Co-Founder and CEO of Platform9
Sirish Raghuram, Co-Founder and CEO of Platform9

The company stated that the additional Series D Funding round has accelerated business momentum in the fiscal year 2020. The company also reported a Net Promoter Score of 71 and a customer satisfaction score of 99% for 2020.

Platform9’s Managed Kubernetes deployments have become a critical part of many large-scale and complex 5G infrastructure roll-outs, hybrid cloud containers-as-a-service, and Edge. Sirish Raghuram, Co-Founder and CEO of Platform9, said,

“Kubernetes has become the de-facto standard for building out hybrid and edge applications. However, the journey to cloud native is fraught with complexity: developers need to understand micro-services, platform engineers need to operationalize Kubernetes, and ongoing upkeep of cloud native applications is extremely difficult. We are excited to leverage the new capital to greatly simplify this challenge with our industry leading SaaS Managed Kubernetes product for edge, private, and hybrid cloud deployments.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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