US-based enterprise software developer CoreOS raised $28m on Monday in a series B round led by GV, the corporate venturing unit of technology conglomerate Alphabet.
Intel Capital, the investment vehicle of chip maker Intel, also took part in the round, as did venture capital firms Accel Partners, Kleiner Perkins Caufield and Byers (KPCB) and Fuel Capital, accelerator Y Combinator’s Continuity Fund and unnamed other backers.
GV previously led a $12m extension to the company’s series A round in April 2015 that included KPCB, Fuel and Accel, the three investors that provided the round’s $8m first tranche in 2014.
Founded in 2012, CoreOS operates a platform for applications to be run in Linux containers. The approach offers efficiency over commonly used virtual private servers because containers do not require a full operating system to be running.
The funding will go towards further development of the platform, which Intel will support. The company will also increase its headcount in the US and Europe.
CoreOS reportedly raised an undisclosed amount of seed capital from Andreesen Horowitz and Sequoia Capital in 2013, but said in a statement it has secured a total of $48m to date.
Jason Waxman, corporate vice-president of Intel’s Data Center Group, said: “Enterprises are looking to adopt some of the IT best practices of hyperscale cloud providers to deliver lower cost of ownership and high agility.
“Intel’s investment and collaboration with CoreOS will accelerate the efficiency, security, and consistency of hyperscale computing for the broader industry.”