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Platform9 Completes $26M Financing Round

MOUNTAIN VIEW, CA, Platform9, the Open Distributed Cloud company, today announced that it has closed $26 million financing.
The round was led by Celesta Capital, with participation from Cota Capital, NGP Capital, and other investors. This financing round comes on the back of three consecutive years of 100% growth in annual recurring revenue (ARR) for SaaS Kubernetes, led by enterprise interest in cloud-native distributed clouds.

Platform9 is the Open Distributed Cloud company, offering the power of the public cloud on infrastructure of customers' choice - powered by Kubernetes and cloud-native technologies. Public clouds are walled gardens, and DIY is difficult and time-consuming. Platform9 offers a third option - an open and faster option - enabling a better way to go cloud-native. Platform9's service powers 40K+ nodes across private, public, and edge clouds. Innovative enterprises like Juniper, Kingfisher Plc, Mavenir, Redfin, and Cloudera achieve 4x faster time-to-market, up to 90% reduction in operational costs, and 99.9% uptime.
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