Fugue (formerly Luminal) has closed a USD 20 million Series C financing round, led by New Enterprise Associates (NEA), the company said.
Previous investors, including Core Capital, also participated in the round. This brings the total amount of financing to USD 34M. The company also announced its name change to Fugue [few-g], which is the name of its cloud operating system.
The rapid adoption of cloud computing brings new challenges as applications have become distributed and infrastructure has proliferated. Fugue reins in this complexity and simplifies operations by building, enforcing, and optimizing cloud infrastructure, continuously and automatically. Fugue can be used to operate cloud-native workloads and to migrate and run traditional datacenter applications in the cloud. It will initially operate workloads on Amazon Web Services.
Fugue is a software startup developing next-generation solutions for the operations and maintenance of cloudÂ-based systems. Initially called Luminal, the company was founded in 2012 and is based in Frederick, MD with offices in Washington, DC, San Francisco, and New York City. For additional information, visit www.fugue.co.
New Enterprise Associates, Inc. is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies.
Core Capital is a venture capital firm headquartered in Washington, D.C., that invests in early-stage ventures and emerging growth companies developing or incorporating disruptive, “core” technologies in high-growth enterprise software technologies in sectors such as Cloud, Cyber Security, Data Analytics, and Mobile.