Nginx Raises $10 Million in New Funding for Server Development
Open-source server vendor Nginx will use the new financing to help fuel both its community and its commercial efforts.Nginx, the lead commercial sponsor behind the open-source Nginx Web server, aims to grow its business, with a boost from a fresh capital injection of $10 million. The new funding is a Series B round led by venture capital firm New Enterprise Associates (NEA) and brings the total funding to date for Nginx to $13 million. The timing is now right for Nginx to raise new funds, Gus Robertson, CEO of Nginx, told eWEEK. "We launched our first commercial product in August, and we've already seen significant demand for it," Robertson said. "So the timing was right to increase our investment." Nginx's first commercial product is the Nginx Plus server, which provides commercial tools and support that go beyond what is available in the open-source version of the product. Nginx is now the second-most-popular Web server tool in the world for active sites, with a 13 percent market share, according to the October Netcraft Web Server Survey. Open-source rival Apache still dominates the active site list, with a 52 percent share.
Robertson noted that the new funding will be used to help grow Nginx as a company, improving support and customer server as well as ramping up sales and marketing efforts.