What is Platform9?
Platform9 offers an enterprise-grade platform for managing virtual machines (VMs) and containers, enabling organizations to convert their existing infrastructure into a comprehensive private cloud. Their solutions facilitate automated migration from VMware environments and provide robust support for Kubernetes. By enabling efficient management of both VMs and containers, Platform9 empowers global enterprises to optimize operational efficiency and achieve substantial cost savings, particularly by mitigating the expenses associated with public cloud services. The platform's design allows it to integrate seamlessly with existing hardware and storage, ensuring a smooth transition for IT departments.
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 Redpoint, Hewlett Packard Enterprise, Canvas Ventures, and Menlo Ventures
Series D (2019): $25M featuring HPE Pathfinder, NGP Capital, Redpoint Ventures, Canvas Ventures, Mubadala Ventures, and Menlo Ventures
Debt (2020): $1M backed by PPP
Unspecified (2022): $26M with participation from Cota Capital, NGP Capital, and Celesta Capital
Key Investors in Platform9
Redpoint Ventures
Redpoint Ventures is a venture capital firm established in 1999, known for its focus on early growth-stage companies.
Hewlett Packard Enterprise
Hewlett Packard Enterprise Company provides comprehensive IT solutions, including compute, storage, and intelligent edge technologies, serving global enterprises.
Canvas Ventures
Canvas Ventures is a venture capital firm that leads Series A investments in transformative companies, with a focus on fintech, digital health, marketplaces, and logistics.
What's next for Platform9?
With substantial enterprise-level backing, Platform9 is strategically positioned for accelerated growth and further innovation in the hybrid cloud management space. The recent major strategic investment suggests a focus on scaling operations, expanding market reach, and potentially enhancing its platform's capabilities to address evolving enterprise IT demands. Future developments are likely to center on deepening its private cloud offerings, strengthening its Kubernetes integration, and continuing to provide compelling alternatives to public cloud expenditures for large organizations.
See full Platform9 company page
