May 27, 2020

Rancher Labs – $40 Million

Cupertino, CA ; 03/16/2020

Amount Funded: $40 Million

Type: Series D

Lead Investor: Telstra Ventures

Participating Investor(s): Mayfield, Nexus Venture Partners, GRC SinoGreen, F&G Ventures

Total Funding to Date: $95 Million

Company Description: The Rancher platform allows companies to run containers and Kubernetes in production, and offer Kubernetes-as-a-Service across any infrastructure. 

What funding will be used for: Accelerate innovation, expand go-to-market initiatives across Rancher’s enterprise customer base.

Quotes:

 “In 2019, we experienced 169% year-on-year revenue growth, and this round of funding is the ultimate validation of the market and our unique technologies. Just as Linux became the standard computing platform for the data center, cloud and devices in the 2000s, we fundamentally believe Kubernetes is fast becoming the ubiquitous enterprise computing platform for multi-cloud, heterogenous IT environments in the 2020s.”

-Sheng Liang, CEO, Rancher Labs

Notes:

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

 

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