Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
eWEEK.com
Search
eWEEK.com
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Cloud
    • Cloud

    Platform9 Boosts Cloud Management with $22M Funding Round

    By
    SEAN MICHAEL KERNER
    -
    June 29, 2017
    Share
    Facebook
    Twitter
    Linkedin
      Cloud Management Services

      Platform9 announced a new $22 million Series C round of funding on June 28, bringing total funding to date for the managed cloud services vendor up to $36.5 million. The new round was led by Canvas Ventures and included the participation of Hewlett-Packard Enterprise (HPE), Redpoint Ventures and Menlo Ventures. 

      Platform9 first emerged from stealth in August 2014, with a service to help organizations manage their own OpenStack private clouds. The company added managed Kubernetes container orchestration in January 2017 and is currently working on building out a serverless offering called Fission, to compete against Amazon’s Lambda service. The new funding will be used by Platform9 to continue to grow both technology and marketing efforts. 

      “We have seen a significant growth in revenue over the past two years,” Madhura Maskasky, co-founder of Platform9, told eWEEK. “We have had 300 percent revenue growth and the customer base has grown as well.”

      In terms of where new customers are coming from, Maskasky said that she’s not seeing a lot of direct migration of VMware users over to the managed Kubernetes service.

      “Our customers tend to be in the later stage of their evaluation of different container platforms,” Maskasky said. 

      Maskasky added that some of the customers have already tried to run Kubernetes on their own and had some challenges dealing with the complexity. There are also customers that have Mesosphere container orchestration deployments and have decided they want to move to Kubernetes. Maskasky said that Platform9 is also seeing migrations from Amazon, with some organizations deciding they want to invest in a cloud-neutral stack.

      Hybrid Cloud

      Platform9 also supports the OpenStack Omni effort which aims to enable hybrid cloud management, from an OpenStack base. Omni started off supporting just Amazon Web Services and will soon add new public cloud support. Maskasky said that Platform9 has been working to expand Omni, with support for Microsoft Azure and Google Cloud Platform set to debut in the coming months.

      “Omni has been a very strategic initiative for Platform9,” Maskasky said. “Having an OpenStack infrastructure that enables the consumption of both public and private cloud resources makes a lot of sense to us.”

      Serverless

      The emerging market for serverless capabilities has largely been driven to date by Amazon’s Lamda service. IBM is also active in the market with its OpenWhisk serverless approach which is now available on the IBM Bluemix platform.

      Plaform9’s open-source Fission effort provides a serverless, event-driven services model on top of Kubernetes. Unlike Lambda or IBM’s OpenWhisk, Platform9 does not yet provide commercial support for Fission.

      “We definitely plan on commercializing Fission at some point in the future, but we don’t have a concrete timeline that we’re currently sharing publicly now,” Maskasky said. “Even though Fission as a commercial service is not available, we make it very easy for any Platform9 that is running managed Kubernetes to run Fission on top.”

      Sean Michael Kerner is a senior editor at eWEEK and InternetNews.com. Follow him on Twitter @TechJournalist.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      CHRIS PREIMESBERGER - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      CHRIS PREIMESBERGER - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      EWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      ZEUS KERRAVALA - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      WAYNE RASH - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Info

      © 2020 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×