UK-based software development technology provider Weaveworks collected $36.7m yesterday in a series C round featuring corporates Amazon, Alphabet, Ericsson, Sonae, Orange and Deutsche Telekom.
E-commerce and consumer electronics group Amazon, internet technology group Alphabet, telecommunications and retail technology provider Sonae and telecoms firms Orange and Deutsche Telekom took part through Amazon Web Services, GV, SonaeIM, Orange Ventures and Telekom Investment Pool respectively.
Communications technology maker Ericsson invested directly in the round, as did venture capital firms Accel and Redline Capital. It brought Weaveworks’ overall funding to $60m, the company said.
Weaveworks markets software that lets developers build applications with improved interoperability across cloud servers, and which feature continuous updates and auditing. The series C proceeds will go to product development and growth activities.
GV led Weaveworks’ $15m series B round in 2016 with participation from Accel, which had led its $5m series A two years earlier. Redline Capital was also identified as an existing investor in the latest round.
Paul McNamara, Ericsson’s vice-president of corporate development, said: “We are working with dozens of the world’s largest communications service providers to deliver more sophisticated consumer services using containerised 5G services.
“We are investing in Weaveworks to accelerate the shift to software-defined services that work across data centres, cloud, hybrid cloud and edge environments.”