Spectro Cloud, a Kubernetes management platform provider, has closed a $40 million (£30.5m) Series B funding round.
The round, which was led by New York-based investor Stripes, sees Spectro Cloud’s total funding to date reach $67.5 million (£51.5m) as enterprises are increasingly turning to Kubernetes for edge deployments.
Other investors included Sierra Ventures, Boldstart Ventures, WestWave Capital, T-Mobile Ventures and Alter Venture Partners, all of which also participated in the $20 million (£15m) Series A funding round that Spectro Cloud closed in July.
Tenry Fu, Spectro Cloud co-founder and CEO, said: “This investment validates Spectro Cloud’s vision and accomplishments toward making Kubernetes more accessible and manageable so organisations can speed up adoption in any environment.”
Spectro Cloud released an upgraded version of its Palette Kubernetes platform late last year. It delivers full-stack lifecycle management with any combination of new and existing Kubernetes clusters, be they virtualised or bare metal data centres, public clouds, or edge locations.
“Spectro Cloud’s recent Palette Edge and Palette Bare Metal announcements demonstrate our ability to extend a unique approach to every environment under management — even the most challenging ones,” Fu added. “The fresh capital will enable us to develop more features, and expand our go-to-market plan internationally to address customer demand.”
Spectro Cloud’s edge and bare-metal ready portfolio with Palette Edge, Palette Bare Metal, Palette Cloud, Palette Standard, and Palette Premium products allow enterprise customers to deploy and manage the Kubernetes cluster across any location.
“The next step in our goal of simplifying complex technologies and making them consumable is to make it easier for dev teams to deploy and scale faster by integrating additional application services ‘up the stack,’” Fu said.
“We are extremely pleased to lead Spectro Cloud’s Series B financing,” said Stripes founder and partner Ken Fox.
“Spectro Cloud has executed well in their expansion to include a global direct and partner sales organisation, as well as recent product innovations such as the extension of its Palette platform to support K8s on bare metal and edge locations,” Fox added.
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