Rancher Labs has just announced that it has secured $40 million in Series D funding. This funding brings the company’s total funding to data up to $95 million.
Rancher will use the money to continue expanding its Run Kubernetes Everywhere strategy. It will continue to innovate in key areas such as heterogeneous cluster federation, fleet management, and Kubernetes at the edge. It will also expand sales coverage, marketing, finance, operations, customer success, and customer support.
In addition, as part of the Run Kubernetes Everywhere strategy, Rancher will work with leading technology companies to develop innovative technologies in industries such as 5G, digital factories, connected cars, video surveillance, and medical research.
“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,” said Sheng Liang, CEO of Rancher Labs. “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.”
This funding round was led by Telstra Ventures with participation from existing investors Mayfield, Nexus Venture Partners, GRC SinoGreen, and F&G Ventures.