May 27, 2020

Lighbend- $25 Million

Lightbend

San Francisco, CA ; 03/09/2020

Amount Funded: $25 Million

Type: Not Listed

Lead Investor:Dell Technologies Capital

Participating Investor(s):  Bain Capital Ventures, Blue Cloud Ventures, Greylock Partners, Juniper Networks, Shasta Ventures,IBM, Intel

Total Funding to Date: $85 Million

Company Description: Lightbend is leading the enterprise transformation toward real-time, cloud-native applications. Lightbend provides scalable, high-performance microservices frameworks and streaming engines for building data-centric systems that are optimized to run on cloud-native infrastructure like Red Hat OpenShift. The most admired brands around the globe are transforming their businesses with Lightbend, engaging billions of users every day through software that is changing the world.

What funding will be used for:  Build positive cash flow, further scale business.

Quotes:

“The rise of serverless, Reactive systems, and real-time streaming data pipelines mean wholesale changes in how organizations and systems work with software. This funding from Dell Technologies Capital solidifies our plans to take advantage of this market opportunity, remaining cash flow positive while further scaling our business. As the founding member of the newly-established Reactive Foundation, we look forward to helping empower developers within the Kubernetes ecosystem and beyond, and bringing our vision for Reactive architecture to developers worldwide.”

-Mark Brewer, CEO, Lightbend

Notes:

  1. . Tyler Jewell, managing director at Dell Technologies Captial, joins Lightbend’s board of directors.

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

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