Nginx, a US-based app development tool provider backed by telecommunications company Telstra, raised $43m yesterday in a series C round led by investment banking firm Goldman Sachs’ Growth Equity unit.
Nginx provides a range of tools based on an open source software project that assist in the design and deployment of applications. The company has more than 1,500 customers including several large banking groups, technology providers and retailers.
The round increased the company’s overall funding to $103m, it said. Telstra’s corporate venturing arm, Telstra Ventures, invested $8m in its last round, a $38m series B that closed in 2016.
New Enterprise Associates, eVentures, Runa Capital, Index Ventures, MSD Capital and private investors Aaron Levie and Gus Robertson also took part in the series B round.
Gus Robertson, chief executive of Nginx, said: “In the last 18 months, Nginx has introduced six new technologies to the platform to accelerate the modernisation of our customers’ application infrastructure.
“Goldman Sachs brings real world experience managing mission critical applications (both legacy and new), which will help us further accelerate our platform vision.”