Rancher Labs Receives $20M
CUPERTINO, CA, Rancher Labs, a provider of container management software, today announced $20M in Series B funding led by new investor GRC SinoGreen, with participation from existing investors, Mayfield and Nexus Venture Partners.
As the container market continues to experience significant growth, Rancher Labs' open source platform for managing containers is seeing demand grow exponentially. Last month the company announced the general availability of Rancher, a container management platform that supports both Kubernetes and Docker Swarm, making it possible for hundreds of organizations to run containers in production. This funding will be used in support of sales and marketing initiatives to keep pace with demand for the product.
'We are seeing a lot of attention and demand for our Rancher platform and feel it is due to our unique approach to container management,' said Sheng Liang, CEO of Rancher Labs. 'Containerization has enabled organizations to do amazing things to improve application performance, availability and cost. The next piece of this puzzle, which will really help to perfect container technologies, are the tools around the management of containers. We are excited to continue efforts in furthering our goal of providing users with the right tools to take advantage of container technologies, and the financial and organizational benefits they promise.'
Unlike other container management platforms, Rancher is open source, easy to use and designed to make it simple for users to harness the power of containers. Rancher's unique ability to rapidly spin up and manage Kubernetes and Docker Swarm environments, while maintaining a single management experience, makes it ideal for enterprise deployments. Rancher is the only container management platform to implement a cloud-agnostic infrastructure services layer that works across any public or private cloud, or traditional data center.
'Containers are rapidly disrupting software development and IT operations,' said Dr. James Zhang, partner at GRC SinoGreen. 'Rancher Labs has shown through its amazing open-source adoption, that organizations see container management as critical to accelerating software development, and running applications reliably and efficiently in production.'
DevOps teams use Rancher to automate all aspects of running containers throughout the application lifecycle. From developers writing code on their laptops, to building and packaging software, deploying test environments, and deploying and upgrading applications in production, Rancher allows DevOps teams to improve development velocity and reliability.
'We are thrilled to continue our support of Sheng and the team at Rancher as they enable enterprises to truly unlock the potential of software containerization and transform IT infrastructure,' said Jishnu Bhattacharjee, managing director at Nexus Venture Partners.
'The success Rancher Labs has experienced since launch is incredible, and we look forward to our continued partnership,' said Ursheet Parikh, Mayfield partner and former CEO of StorSimple, which was acquired by Microsoft. 'Their dedication and level of innovation is second to none.'
Product Information and Availability
For additional information on Rancher and to learn more about Rancher Labs and the company's suite of open source products, please visit http://www.rancher.com.
Company Blog: http://rancher.com/blog/
About Rancher Labs
Rancher Labs builds innovative, open-source container management software for enterprises leveraging containers to accelerate software development and improve IT operations. With native support for Docker Swarm and Kubernetes orchestration, our flagship Rancher platform allows users to manage all aspects of running containers in development and production environments. For additional information, please visit www.rancher.com.
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