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Platform9 Raises $22 Million

Hybrid cloud solution company Platform9 Raises $22 Million

Enterprise IT startup Platform9 announced the close of $22 million in Series C financing. Four investors contributed to the round: Canvas Venture Fund, Hewlett Packard Ventures, Redpoint Ventures, and Menlo Ventures.

Platform9 deploys, manages and maintains hybrid clouds across any infrastructure using leading open source cloud frameworks. Unlike DIY approaches and legacy distributions, Platform9 delivers OpenStack and Kubernetes as SaaS-managed solutions, enabling speed, scale, and savings. The company helps dev-ops and IT teams focus on solving core business problems while automating much of the set-up and management process on the back end. According to the company, it has enabled customers like Box, Blue Cross Blue Shield and PlayStation to realize a greater than 99 percent success rate with OpenStack projects.

The company revealed that the new capital enables Platform9 to scale its global salesforce, product and marketing teams, as well as boost engineering investments as it expands to deliver new capabilities for hybrid clouds.