Stackery Raises $5.5 Million in Funding
PORTLAND, Ore., April 3, 2018-- Stackery, the market leader in serverless operations, provides software for enterprises to operationalize and govern their serverless applications. Today Stackery announced it has raised $5.5 million in additional funding. The round was led by Steve Kishi of HWVP with participation from Voyager Capital, Pipeline Capital Partners, and Founders’ Co-op. Stackery has now raised a total of more than $7.3 million since its founding in November 2016. The company has added Ted Driscoll, Vice President of Worldwide Sales, to its executive team.
In addition to the funding announcement, Stackery has released its serverless Health Metrics Dashboard to all existing and new customers. Stackery’s Health Metrics Dashboard provides at-a-glance visibility into the health across all tiers of a distributed serverless application, with the ability to quickly drill down to individual resources with deep diagnostic observability.
“Stackery provides the most sophisticated software we’ve seen in the ‘serverless’ space,” stated Steve Kishi of HWVP. "Stackery provides everything a development and operations team needs to reliably deploy serverless applications in production using appropriate governance and standardization. Though just over a year old, Stackery is clearly the leader in the enterprise serverless market.”
Without question, serverless technology is beginning to transform cloud infrastructure. Serverless applications are significantly less expensive to run than those built in traditional environments and provide a great degree of flexibility in terms of how these applications can be designed. By abstracting away the undifferentiated heavy-lifting of server management, serverless applications drive dramatic accelerations in development velocity, which has led to wide-scale enterprise adoption of the technology.
The advantages notwithstanding, enterprises are still responsible for building, deploying, monitoring, and maintaining the health of their serverless applications. As these organizations look to productionize their serverless usage, they require operations software to automate their release cycle, standardize their implementation, enforce their security and governance policies, and enhance observability across these new critical business applications. With the addition of Health Metrics Dashboard, Stackery’s Serverless Operations Console provides end-to-end automation and control over the entire application lifecycle for enterprise-grade serverless applications.
“Over the last 12 months, Nate and team have released their product, secured their first customers and established a leadership position in the serverless marketplace,” stated Diane Fraiman, Voyager Capital Partner, who led Stackery’s previous round and followed-on in the new raise. “As I believed in the very initial work with Nate, Stackery isn’t just solving a technology problem for developers, but is in fact addressing a much bigger enterprise business problem. This is exactly the type of company that Voyager finds compelling.”
“Counter-intuitively, serverless adoption is an enterprise-first technology with broad demand among main street enterprise, as opposed to the Silicon Valley technology firms you might expect,” stated Nate Taggart, CEO of Stackery. “These organizations are in the midst of a massive migration to the cloud and are looking to modernize on the best technology to drive their infrastructure strategy. As they move to the cloud, and embrace DevOps, and introduce new microservices into their architecture, they’re increasingly finding that serverless drives the best velocity for their initiatives. We’re committed to helping these world-class companies find success in their serverless adoption.”
Stackery’s Serverless Operations Console provides release automation, governance, observability, and operational control over serverless applications and infrastructure. Founded in 2016 and backed by Techstars, HWVP, Voyager Capital, Pipeline Capital Partners and Founders’ Co-op, Stackery is leading the shift to Functions-as-a-Service (FaaS), so enterprise companies can take advantage of reduced infrastructure costs and improved time-to-market to create more value for their customers, with the operational control and visibility they require for their production workloads.
HWVP was founded in 1989 as Hummer Winblad Venture Partners, the first venture capital firm to invest exclusively in software. That's still HWVP’s focus-- early-stage enterprise software companies in infrastructure, applications and analytics. We were the first institutional investors in market and technology leaders MuleSoft, Omniture, Five9, Powersoft, Arbor Software, Wind River Systems, and many others. All HWVP partners have operating backgrounds and work closely and actively with our portfolio companies to realize their goals and build great companies.
About Voyager Capital
Voyager Capital is a leading West Coast information technology venture firm that provides entrepreneurs with the resources, experience and connections to build successful companies. Voyager invests primarily in early stage, digital media, and software and services companies, where the firm's domain expertise, go-to-market and team building resources help build market leaders. Voyager Capital has $420 million under management with offices in Seattle, Washington; Portland, Oregon; and Menlo Park, California. http://www.voyagercapital.com/
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