Rafay Systems, a platform for Kubernetes Operations, has announced a $25 million Series B funding round led by ForgePoint Capital, with participation from existing investors Ridge Ventures, Costanoa Ventures and Moment Ventures. Rafay will use this infusion of funds to continue hiring engineers and grow its sales, marketing and customer success teams.
According to a statement, “Rafay’s new funding will accelerate its strategic vision for the company’s Kubernetes Operations Platform, the industry’s first and only offering that unifies lifecycle management requirements for both Kubernetes infrastructure and modern applications. Delivered as a cloud-native service, the platform brings together capabilities for application automation, security, visibility and governance, while streamlining the operations of Kubernetes across all environments. The long-term vision for Kubernetes Operations is based on Rafay’s work with customers in the financial, healthcare, telecom and technology sectors who are rapidly adopting containerized applications.”
“Kubernetes has become the de facto choice for containerization and application modernization, but organizations’ Kubernetes journeys have been bottlenecked because of the complexity involved in enterprise-grade deployments making a comprehensive management platform a necessity,” said Leo Casusol, Venture Partner at ForgePoint Capital who will be joining the board. “The Rafay team has built a highly innovative and differentiated platform that solves gating problems for organizations adopting and scaling Kubernetes deployments. We are extremely delighted to be partnering with them as they create the future of Kubernetes Operations.”
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