Cloud networking startup, Platform9 has secured $10 million in Series B funding that is led by Menlo Ventures together with previous investor Redpoint Ventures, bringing the funding total to $14.5 million. The company said that it plans to use the money to accelerate its product roadmap for its growing customer base.
Platform9 was founded by early VMware engineers, Sirish Raghuram (CEO), Madhura Maskasky (VP Product), Roopak Parikh (VP Engineering) and Bich Le (Chief Architect), leveraging their experience building virtualization and systems management products to help enterprises operationalize private clouds. Platform9’s SaaS-based OpenStack solution aims to transform organization's existing servers into an AWS-like agile and self-service private clouds. According to Platform9, a customer can have their OpenStack environment running within minutes of signing up.
Platform9 said that it has seen significant revenue momentum in first two quarters of sales with quarter-over-quarter growth of 200%, multiple sitewide license agreements for 400+ servers in each quarter and customer deployments in 17 countries.
Sirish Raghuram, co-founder and CEO of Platform9
We’ve had a phenomenal year and our momentum is accelerating as organizations look to deliver an AWS-like cloud experience using their internal infrastructure. With Platform9 Managed OpenStack, organizations can now focus on accelerating innovation using internal private clouds instead of spending months or years implementing their private cloud. The Series B funding enables Platform9 to further accelerate our product roadmap for our growing customer base.
