Platform9 raises USD 22m Series C funding

Platform9, an open-source-as-a-service company, has raised USD 22 million in Series C funding led by Canvas Ventures, the company said.

Hewlett Packard Enterprise (HPE) also participated in the round, as did existing investors Redpoint Ventures and Menlo Ventures. The funding round, which brings Platform9´s total capital raised to date to USD 36.5 million, allows the company to scale its pioneering cloud delivery model, which makes it easy to deploy, manage and maintain hybrid clouds with popular cloud frameworks, such as Kubernetes, OpenStack and Fission.

The new capital enables Platform9 to scale its global salesforce, product and marketing teams, as well as boost engineering investments as it expands its innovation agenda to deliver new capabilities for hybrid clouds.

Platform9 provides open source-as-a-service for enterprises that need faster and easier ways to deploy, manage and maintain hybrid clouds across multiple platforms. Unlike do-it-yourself or legacy solutions, Platform9 delivers best-of-breed cloud infrastructure like OpenStack and Kubernetes as SaaS-managed solutions, enabling speed, scale and savings, all while avoiding being locked into a single vendor ecosystem.

Canvas is an early-stage venture capital firm based in Portola Valley, CA. The partners are known for notable investments in software & services companies. Prior to joining Canvas, the firm´s partners led early-stage investments in MuleSoft, Lending Club, Houzz, Evernote, NexTag, Check, Doximity, Elance-oDesk, and more.