The round was led by Vertex Ventures with participation from a galaxy of high profile investors. Joining Vertex's General Partner In Sik Rhee in this early round is Meta advisor (and Facebook's ex-VP infrastructure engineering) Jeffrey Rothschild; WebLogic and funding syndicate founder Bob Pasker; Jeff Burkland (founder of financial consultancy Burkland Associates); Tom Killalea, chairman of the MongoDB board of directors, and VC firm General Advance. The round is also supported by Cosmonic co-founder and CEO Liam Randall's own Relentless VC. Terms of the deal were not disclosed.

Founded by open source veterans Liam Randall and Kevin Hoffman, Cosmonic is helping develop and promote wasmCloud PaaS, a universal runtime platform that enables developers to use cloud native technologies and Web Assembly to build portable, pluggable business logic that runs anywhere, including multi-cloud, multi-edge and far edge environments.