- Gravitational, a company that is enabling businesses to securely deliver their applications into any environment, announced it raised $25 million
Gravitational — a company that is enabling businesses to securely deliver their applications into any environment — announced that it has closed $25 million in a new round of funding led by Kleiner Perkins. The company’s central mission is to drive innovation by liberating cloud-native applications from the major public cloud providers. And the funding will fuel further product development and scale business operations. This funding round caps off a year in which the company has more than doubled its customer base and achieved profitability.
“As public cloud lock-in and complexity accelerates, software developers struggle to deploy and manage applications across public clouds and on-premises infrastructure,” said Gravitational co-founder and CEO Ev Kontsevoy. “Our mission is to help developers get back into the business of innovating and out of the complexity of deploying, securing, and managing applications across on-prem, private cloud and public cloud environments. We are thrilled to be working with our new investors as we continue to help developers worldwide free their cloud-native applications from major cloud providers, thereby achieving total application portability.”
Currently, there is a tremendous amount of complexity in getting from idea to production across environments. And because public cloud providers rely on this complexity to lock applications to their infrastructure, companies get stuck.
Gravitational relies on open source solutions that are not tied to any cloud provider to enable developers to deliver cloud applications to any infrastructure. And then it effectively captures an entire production environment in a single file so applications can be “dragged and dropped” across cloud providers or given to customers to run in their own data centers. Plus Gravitational’s privileged access management (PAM) solution secures on-premises and cloud infrastructure, provides visibility across multi-cloud environments, and enforces compliance requirements.
“Gravitational is solving application portability, freeing developers from the inevitable management and security complexity that arises as they begin running their applications across different infrastructure platforms,” added Kleiner Perkins partner Bucky Moore. “Customers are fanatical about the product, which has fueled growth and profitability from an early stage. We’re excited to partner with this talented team as they continue to fundamentally change how software is delivered.”
Some of Gravitational’s customers include Anaconda, Gladly, Mulesoft, NASDAQ, Samsung, Splunk, and Ticketmaster. Gravitational launched in 2015 and the company is backed by leading investors, including Kleiner Perkins, Y Combinator, S28 Capital, and SV Angel.
