- Rafay Systems announced a couple of major milestones including an $8 million funding round and the general availability of its SaaS offering
Rafay Systems has made a couple of major milestone announcements. The company revealed the general availability of its SaaS offering designed to address the complex challenges companies face when modernizing their applications. And Rafay Systems also announced it raised $8 million in funding led by Ridge Ventures with participation from NTT DOCOMO Ventures, Costanoa Ventures, and Moment Ventures. Rafay Systems previously raised $4.1 million in a seed round of funding.
DevOps and site reliability engineering (SRE) teams are currently facing a steep learning curve and ongoing complexity while dealing with containerized applications in Kubernetes clusters in cloud, and on-premise environments. And Rafay’s application abstraction, cluster blueprinting, multi-cluster operations, and enterprise-ready integration capabilities collectively address the acute pain these teams face. Companies are abe to leverage Rafay to accelerate their application modernization journeys and deliver new applications to market faster.
“Kubernetes is a crucial innovation that has fast-tracked the industry’s adoption of containerized applications running in any cloud, hybrid or edge environment,” said Haseeb Budhani, the CEO and Cofounder, Rafay Systems. “But Kubernetes presents a steep learning curve to companies embarking on app modernization journeys. At Rafay, we are on a mission to make Kubernetes easy to consume by any company, regardless of how far along they are on their journey. The Rafay platform empowers DevOps teams to focus on their business-critical software development instead of building and maintaining complex internal tools.”
Rafay’s capabilities include Application Abstraction (define and manage lifecycle for containerized apps from deployment to ongoing operations), Cluster Blueprinting (Rafay’s Kubernetes cluster management and customization capabilities ensure reliable cluster operations), Multi-cluster Operations (make it easy to deploy and operate containerized applications across any number of Kubernetes clusters, spread across any number of regions or hybrid environments), and Enterprise Integrations (suite of one-click productivity features that simplify the adoption of critical technologies like secrets management, runtime configuration updates, and log and metrics aggregation).
“Rafay represents a successful, experienced team bringing innovation to a market ripe for disruption,” added Ridge Ventures investor Ben Metcalfe. “Just as Amazon created an entire cloud industry based on unifying and abstracting disparate open source tools, we see parallels for revolutionizing software automation, management, and app distribution. We believe Rafay has a major role to play in that transformation. Rafay saw this gap and has built a comprehensive platform that every enterprise can use.”
One of Rafay’s customers is SonicWall.
“SonicWall is committed to the cloud-native paradigm and to delivering our market-leading security portfolio to our customers via the cloud,” explained SonicWall SVP and COO Atul Dhablania. “Team Rafay has impressed us with their expertise in container orchestration and management, and their SaaS-based lifecycle management offering for containerized applications clearly accelerates the application modernization journey for companies. We are looking forward to collaborating with Team Rafay.”
According to 451 Research, the application container market will grow to $3 billion by 2022. And Gartner Distinguished VP Analyst Arun Chandrasekaran pointed out that more than 75% of global organizations will be “running containerized applications in production” by 2022 — which is a “significant increase from fewer than 30% today.”
Rafay’s platform is generally available now. And pricing is based on a pay-as-you-go basis based on the number of nodes or clusters under Rafay management.
