Platform9: Raised $25m funding

Platform9: Raised $25m funding

Platform9: Raised $25m Series D funding round for global expansion

  • The funding, bringing the total amount raised by the company to $61.5 million
  • The round led by NGP Capital with participation from Mubadala Ventures and also existing investors
  • The firm’s solution offers the industry’s only SaaS-managed hybrid cloud solution
  • It delivers fully automated day-two operations with 99.9% SLA for Kubernetes, bare-metal and VM-based environments
  • The firm also helps companies to easily run cloud-native infrastructure at scale
  • Platform9 has seen revenue growth of 130% in the last year, with net revenue retention of 124%