Spectro Cloud has secured $75 million in a Series C funding round.
The California-based Kubernetes management company announced earlier this month that it had closed the funding round led by Growth Equity at Goldman Sachs Alternatives, along with participation from existing investors.
This month has also seen Luxembourg-based cloud management platform Emma raise $17 million in a Series A funding round.
Spectro Cloud provides multi-cluster Kubernetes management across a variety of environments including on-premises hardware, single and multi-cloud, and at the Edge.
The funding will be used to aid product innovation with a particular focus on Edge computing.
“What IT leaders need today is a modern approach to comprehensive, full lifecycle management for Kubernetes at scale, one that is optimized to support the unique needs of data centers, clouds, and the Edge,” said Tenry Fu, CEO and co-founder of Spectro Cloud.
“We founded Spectro Cloud five years ago aiming to make Kubernetes easy to manage and consume in any environment, and this investment from Goldman Sachs is validation of the tremendous opportunity we have ahead of us.”
“In the past five years, Spectro Cloud has established itself as a leader in helping organizations realize the true potential of Kubernetes and cloud native technologies, making it more accessible and manageable at scale, across any environment," added Michael Reilly, an investor at Growth Equity at Goldman Sachs Alternatives, who will also be joining Spectro Cloud’s Board of Directors.
“The incredible success Tenry and his team have achieved proves that enterprises are realizing the value. We are excited for the opportunity ahead in multi-cluster environments, especially bare metal deployments in data centers for VM and GPU management, and AI inference at the edge, which could drive tremendous growth.”
This is Spectro's fourth funding round, with the company raising its Seed in March 2020, Series A in July 2021, and Series B in March 2022.
Spectro Cloud was founded in 2019 by Tenry FU and CTO Saad Malik. Previous investors include Alter Venture Partners, Boldstart Ventures, Firebolt Ventures, Growth Equity at Goldman Sachs Alternatives, NEC and Translink Orchestrating Future Fund, Qualcomm Ventures, Sierra Ventures, Stripes, T-Mobile Ventures, TSG, and WestWave Capital.
The company has grown its annual recurring revenue by triple digits year-over-year for the last three consecutive years.
Emma raises $17m in investment
Luxembourg-based cloud management platform Emma has secured $17 million (approximately €16.2m) in a Series A funding round.
The round was led by Smarfin, with participation from RTP Global and existing investors.
The latest round follows Emma's Seed round in March 2023 during which the company raised $6 million.
According to the company, the capital will be used for product development, marketing efforts, and customer support. It will also enable Emma to invest in AI accelerators and bring new features to the platform.
Emma was founded in 2019. The platform helps organizations to manage their cloud operations, including multi-cloud management capabilities, optimize workloads, and predict usage.
Emma CEO Dmitry Panenkov said: “At Emma, we’re shaping the future of cloud operations. As businesses grow, they need the freedom to scale across any provider without limitations. We’re building the standards to make cloud-agnostic operations a reality. This funding accelerates our mission to give companies the control and flexibility they need to optimize across all environments.”
