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.