Rafay Systems raises $25M in Series B from ForgePoint Capital

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SaaS News - {Rafay,-a-Kubernetes-operations-management-platform,-raises-$25M} (source: SaaS Industry)
At a Glance

Rafay Systems raises $25M in Series B to hire engineers, grow sales, marketing and customer success teams and accelerate its strategic vision for its Kubernetes platform. It helps platform teams move beyond traditional Kubernetes cluster management to streamlined Kubernetes operations for modern applications


Rafay Systems, an enterprise platform helping teams manage Kubernetes Operations, has raised $25 million in a Series B funding round led by ForgePoint Capital to hire engineers, grow sales, marketing and customer success teams, a press release from Rafay Systems said.

The Series A round for Rafay Systems came in 2019, where it netted $8 million. Its existing investors, Ridge Ventures, Costanoa Ventures and Moment Ventures, participated in the Series B round. Rafay, founded in 2017, provides a cloud-native service Kubernetes Operation Platform that helps enterprises maximize the value of containerized applications that deliver today’s business innovation. It unifies lifecycle management requirements for both Kubernetes infrastructure and modern applications. 

Kubernetes is a portable open-source platform facilitating a web server framework for cloud applications. Rafay helps platform teams move beyond traditional Kubernetes cluster management to streamlined Kubernetes operations for modern applications. Haseeb Budhani, CEO of Rafay Systems, stated that the Kubernetes Industry is hitting a point where enterprises are spending too much time cobbling numerous tools and home-grown automation code for their operations.

“Application modernization initiatives deserve a modern approach to Kubernetes operations. One that brings together the lifecycle management of both infrastructure and modern applications. This latest round of funding will help us bolster Rafay’s leadership as the leader in the Kubernetes operations market,”

Haseeb Budhani

Rafay Systems stated that the proceeds from the funding would accelerate its strategic vision for its Kubernetes Operations Platform. Leo Casusol, venture partner at ForgePoint Capital, who would be joining the Rafay Systems Board, stated that the Rafay team had built an innovative platform to solve gating problems for organizations adopting and scaling Kubernetes deployments. Expressing delights at partnering with them and added,

“Kubernetes has become the de-facto choice for containerization and application modernization, but organizations’ Kubernetes journeys have been bottlenecked because of the complexity involved in enterprise-grade deployments making a comprehensive management platform a necessity.”

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