US-based enterprise job processing platform developer Iron.io bumped its series A round up to $11.5m yesterday with $3.5m from Sapphire Ventures, the venture capital firm spun out of enterprise software provider SAP.
Sapphire’s investment was added on to the $8m first tranche, closed in September 2015, which was funded by Baseline Ventures, Bain Capital Ventures, Divergent Ventures, Ignition Partners and Cloud Capital Partners.
Iron.io has built a platform that processes hundreds of millions of messages and tasks for businesses each day.
The company will use the series A capital, which brought its overall funding to $17.4m, to introduce new features to the platform and support growth.
Anders Ranum, venture partner at Sapphire Ventures, said: “Sapphire Ventures is thrilled to invest in Iron.io given its impressive traction in modern enterprises looking to architect job processing on a scalable, microservices platform.
“Iron.io’s ability to deliver a serverless experience by running large job processing workloads at scale across any cloud, hybrid or even on-premises is groundbreaking. We are excited to help the company accelerate growth in the enterprise market.”