US-based hybrid cloud software developer Platform9 secured $25m on Tuesday in a series D round that included HPE Pathfinder, IT equipment and software producer Hewlett Packard Enterprise’s investment arm.
Venture capital firm NGP Capital led the round, which also featured Mubadala Ventures, Redpoint Ventures, Menlo Ventures and Canvas Ventures. It increased the company’s funding to $61.5m since it was founded in 2013.
Platform9 provides hybrid cloud software that helps organisations transfer their IT infrastructure to the cloud, meaning they can manage containers, virtual machines and serverless architecture on their own premises as well as on a public cloud system.
Sirish Raghuram, Platform9’s co-founder and chief executive, said: “Simplifying the operational burden of delivering cloud-native infrastructure at scale across any environment is a key consideration for organisations going through digital transformation.
“They are looking to leverage open-source modern technologies on top of their existing infrastructure and multi-cloud deployments, without crumbling under the complexity of managing technologies such as Kubernetes, monitoring, service-mesh and more.”
NGP Capital partner Rohini Chakravarthy is joining the board of directors at Platform9, and the series D funding will be used to increase the size of its sales, marketing and product teams as it looks to add more features to its platform.
HPE had previously contributed to the company’s $22m series C round in mid-2017. That round was led by Canvas Ventures and backed by existing investors Redpoint Ventures and Menlo Ventures.
