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Mesosphere Raises $125 Million Series D Financing to Accelerate Hybrid Cloud Transformation
Mesosphere, the hybrid cloud platform company, today announced a funding round of $125 million co-led by funds and accounts advised by T. Rowe Price Associates, Inc. and Koch Disruptive Technologies (KDT) with participation from ZWC Ventures, Qatar Investment Authority (QIA) and Disruptive Technology Advisers (DTA). The round also features participation from existing investors Andreessen Horowitz, Two Sigma Ventures, Khosla Ventures, Hewlett Packard Enterprise, SV Angel, Fuel Capital, and Triangle Peak Partners. The company has nearly tripled revenue year-over-year.

Mesosphere DC/OS automates operations to deliver the most popular digital transformation technologies on hybrid cloud. Companies looking to digitally transform must embrace a daunting array of complex, new technologies. This means either getting overwhelmed with multiple point solutions or being locked-in to one public cloud provider. Mesosphere DC/OS gives users an "as-a-Service" experience for container tools like Kubernetes and data engineering and machine learning tools like TensorFlow, Apache Kafka, Cassandra, or Spark on any infrastructure.

McKinsey reports over 78 percent of high-performing companies are creating new digital services to better monetize their data, and Gartner predicts 90 percent of organizations will adopt hybrid cloud by 2020. Mesosphere DC/OS is the only platform that automates application and data workloads consistently and securely across hybrid cloud infrastructures, including datacenter, edge and multi-cloud environments.

More than 125 enterprise companies, including thirty percent of the Fortune 50, choose Mesosphere to automate hybrid cloud operations in production. Tommy Hilfiger revolutionized its wholesale operations by building digital showrooms on DC/OS. Royal Caribbean runs DC/OS in edge locations across its fleet of ships, creating game-changing digital customer experiences across the open seas. Deutsche Telekom, the parent company of T-Mobile, runs Apache Spark on DC/OS to optimize mobile connections based on machine learning models. NBCUniversal leverages DC/OS to reinvent traditional advertising to make it real-time with streaming and audience analytics.

"We make world-changing technology, like Kubernetes, Tensorflow and more, available at the click of a button, enabling business impact faster because DC/OS automates operations of more than one hundred complex technologies," said Florian Leibert, CEO and co-founder at Mesosphere. "This investment will help us to arm the enterprise with leading edge technology, like containers, machine learning, and IoT applications, allowing them to reclaim their competitive edge and reinvent the customer experience."

Published Monday, May 07, 2018 7:41 AM by David Marshall
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