Mesosphere, a San Francisco-based hybrid cloud platform company, has inked $125 million in a Series D funding round. The latest investment brings the total raised by the five-year-old startup, founded by the architects of hyperscale infrastructures of Airbnb and Twitter, and the co-creator of Apache Mesos, to nearly $250 million.
The round was led by investors T. Rowe Price Associates and Koch Disruptive Technologies, who were joined by new investors ZWC Ventures, Qatar Investment Authority, Disruptive Technology Advisers, alongside existing investors Andreessen Horowitz, Two Sigma Ventures, Khosla Ventures, Hewlett Packard Enterprise, SV Angel, Fuel Capital, and Triangle Peak Partners.
The Silicon Valley-based company, which offers an operating system for the modern datacenter, will use the latest funding to continue its momentum and move into international markets after tripling its revenue over the past year. The firm will expand from 300 employees, 125 customers (including 30% of the Fortune 50), and a $50 million revenue run rate. In March 2016, the startup raised $73.5 million in Series C funding.
“With this latest round, we’ll be able to ramp up R&D and hone our product roadmap toward repeatable, proven solutions around data engineering and data science,” CEO Florian Leibert told TechCrunch in an interview.
Mesosphere’s core technology, called DC/OS, provides a means for clients to manage datacenter resources on both the private and public cloud, while offering more efficiency than traditional tools due to its ability to treat the entire datacenter as a single pool of resources.
Mesosphere’s software gives the operations team a view of multiple locations, zones and regions from a single interface. The technology completely automates operations for container tools like Kubernetes and data and engineering and machine learning tools such as TensorFlow, Apache Kafka, Cassandra and Apache Spark. Mesosphere DC/OS claims to be the only platform that automates these workloads consistently and securely across a hybrid cloud infrastructure, an organizational structure projected to be adopted by 90% of organizations by 2020, according to Gartner.
“Mesosphere has built an impressive platform that is helping to solve a huge need within enterprises as they develop their hybrid cloud and modern software development strategies,” said Alan Tu, equity research analyst at T. Rowe Price Associates, in a statement. “We believe Mesosphere addresses a large market opportunity, and we are excited to invest in the company’s innovative leadership team and technology.”