What is Platform9?
Platform9 offers an enterprise-grade platform for managing virtual machines and containers, enabling organizations to establish private clouds using their existing infrastructure. Their solutions facilitate automated migration from VMware environments and integrate Kubernetes support, streamlining the management of both VMs and containers. By allowing businesses to leverage their current hardware and storage, Platform9 aims to provide substantial cost savings and enhance operational efficiency, presenting a compelling alternative to public cloud services for global enterprises.
How much funding has Platform9 raised?
Platform9 has raised a total of $88.5M across 6 funding rounds:
Series A
$4.5M
Series B
$10M
Series C
$22M
Series D
$25M
Debt
$1M
Unspecified
$26M
Series A (2014): $4.5M with participation from Redpoint Ventures
Series B (2015): $10M led by Redpoint and Menlo Ventures
Series C (2017): $22M supported by Canvas Ventures, Hewlett Packard Enterprise, Redpoint, and Menlo Ventures
Series D (2019): $25M featuring Menlo Ventures, Redpoint Ventures, Canvas Ventures, Mubadala Ventures, NGP Capital, and HPE Pathfinder
Debt (2020): $1M backed by PPP
Unspecified (2022): $26M with participation from NGP Capital, Celesta, and Cota Capital
Key Investors in Platform9
NGP Capital
NGP Capital is a venture capital firm specializing in early-stage B2B companies driving the convergence of physical and digital worlds, aiming to be a long-term partner for founders from inception to IPO.
Celesta
Celesta Capital is a global venture capital firm focused on deep technology investments, including infrastructure software and industrial transformation, backing science- and engineering-driven startups.
Cota Capital
Cota Capital is an investment firm focused on early-stage technology companies in the enterprise sector, combining financial investment with operational expertise to empower founders.
What's next for Platform9?
With its recent major strategic investment, Platform9 is poised to accelerate its product development and market penetration. The company's focus on transforming existing infrastructure into private clouds, coupled with its emphasis on cost-effectiveness and operational agility, positions it well to capture a larger share of the enterprise cloud management market. Future growth will likely involve expanding its service offerings, forging new strategic partnerships, and further enhancing its platform's capabilities to meet the evolving demands of large organizations seeking to optimize their IT investments.
See full Platform9 company page
