Mesosphere, the hybrid cloud platform company, has announced a funding round of $125 million.
The round was co-led by funds and accounts advised by T. Rowe Price Associates, Inc. and Koch Disruptive Technologies (KDT) with participation from ZWC Ventures, Qatar Investment Authority (QIA) and Disruptive Technology Advisers (DTA).
The round also features participation from existing investors Andreessen Horowitz, Two Sigma Ventures, Khosla Ventures, Hewlett Packard Enterprise, SV Angel, Fuel Capital and Triangle Peak Partners.
The company, which has nearly tripled revenue year-over-year, automates operations to deliver the most popular digital transformation technologies on hybrid cloud.
“We make world-changing technology, like Kubernetes, Tensorflow and more, available at the click of a button, enabling business impact faster because DC/OS automates operations of more than one hundred complex technologies,” said Florian Leibert, CEO and co-founder at Mesosphere.
“This investment will help us to arm the enterprise with leading edge technology, like containers, machine learning, and IoT applications, allowing them to reclaim their competitive edge and reinvent the customer experience.”
Companies looking to digitally transform must embrace a daunting array of complex, new technologies. This means either getting overwhelmed with multiple point solutions or being locked into one public cloud provider.
Mesosphere DC/OS gives users an “as-a-Service” experience for container tools like Kubernetes and data engineering and machine learning tools like TensorFlow, Apache Kafka, Cassandra, or Spark on any infrastructure.
McKinsey reports over 78 per cent of high-performing companies are creating new digital services to better monetise their data and Gartner predicts 90 per cent of organisations will adopt hybrid cloud by 2020.
More than 125 enterprise companies, including thirty per cent of the Fortune 50, choose Mesosphere to automate hybrid cloud operations in production.
Chase Koch, president of Koch Disruptive Technologies, said: “Mesosphere is solving a critical growing problem of collecting, storing and analysing large volumes of data across disparate systems in a rapidly changing marketplace.
“Businesses will struggle to stay ahead without scalable, flexible and cost-effective tools and systems that enable real-time data analytics, edge computing and IoT solutions.
“Mesosphere’s team, technology advantage and progress in helping leading enterprise customers capture value and drive digital transformation were all contributing factors in KDT’s investment.
“This is a great example of how Koch applies our philosophy of mutual benefit, by creating the potential for Koch to serve as a laboratory for Mesosphere’s innovative products and solutions.”