Weaveworks Raises $36 Million from AWS, Deutsche Telekom, Ericsson, Orange Ventures and Sonae IM to Accelerate Adoption of Kubernetes and Cloud Native Technologies in Enterprises and Telecoms
GitOps creator Weaveworks, Inc., today announced a $36.65 million Series C funding round led by some of the world’s leading public cloud and telecommunications companies, including first-time investors Amazon Web Services (AWS), Ericsson, Orange Ventures, Sonae IM and Telekom Investment Pool (TIP). The round also includes follow-on investments from Accel, GV, and Redline Capital, bringing total funds raised to date to $60 million.
Weaveworks will use the fresh capital to enhance its GitOps-powered Kubernetes platform and accelerate market expansion, as enterprises and telecommunications companies demand massive scalability and speed of innovation for their cloud native applications.
According to Alexis Richardson, CEO of Weaveworks, investors have come together to invest in their vision for the future of Kubernetes and cloud native management technologies, powered by Weaveworks’ GitOps:
Weaveworks helps teams adopt cloud native computing, managing cloud native infrastructure and applications quickly, reliably and at scale. The company helps infrastructure and platform teams build and operate their own Kubernetes application platform whether in the cloud, at the edge, or on-premise. Its products and solutions are community built and enterprise approved. Weaveworks was one of the first members of the Cloud Native Computing Foundation and is one of its top 10 contributors. For more information, visit weave.works.
Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Arista, Atlassian, Braintree, Celonis, CrowdStrike, Deliveroo, DJI, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Jet, Kayak, Lynda.com, Qualtrics, Rovio, Slack, Spotify, Supercell, Swiggy, Tenable, UiPath, and Venmo are among the companies the firm has backed over the past 35+ years. We help ambitious entrepreneurs build iconic global businesses. For more, visit www.accel.com or www.twitter.com/accel.
Ericsson enables communications service providers to capture the full value of connectivity. The company’s portfolio spans Networks, Digital Services, Managed Services, and Emerging Business. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people around the world. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com