Spectro Cloud, a leader in modern multi-cluster Kubernetes management at scale across a variety of deployment environments, including on-premises hardware, single and multi-cloud, and the edge, announced it has raised a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
The funding comes at a turning point in the IT industry’s complexity. The industry is evolving from legacy, virtual machine (VM)-based applications to a containerized, cloud-native ecosystem, with artificial intelligence (AI) driving an explosion of use at the edge.
Many organizations across industries (including technology, manufacturing, retail, oil & gas, healthcare, telecommunications, defense, and intelligence agencies) are relying on Spectro Cloud’s Palette software platform to help accelerate their Kubernetes adoption. And by assisting companies to improve operating efficiency and more effectively run mission-critical application workloads, Spectro Cloud has achieved three consecutive years of triple-digit ARR growth.
Spectro Cloud will utilize its Series C funding to accelerate product innovation, especially in the uniquely complex area of edge computing. It will also invest in continuing to offer award-winning customer experience and support and scale new go-to-market partnerships and technology alliances.
KEY QUOTES:
“What IT leaders need today is a modern approach to comprehensive, full lifecycle management for Kubernetes at scale, one that is optimized to support the unique needs of data centers, clouds, and the edge. We founded Spectro Cloud five years ago aiming to make Kubernetes easy to manage and consume in any environment, and this investment from Goldman Sachs is validation of the tremendous opportunity we have ahead of us.”
– Tenry Fu, CEO and co-founder of Spectro Cloud
“In the past five years, Spectro Cloud has established itself as a leader in helping organizations realize the true potential of Kubernetes and cloud native technologies, making it more accessible and manageable at scale, across any environment. The incredible success Tenry and his team have achieved proves that enterprises are realizing the value. We are excited for the opportunity ahead in multi-cluster environments, especially bare metal deployments in data centers for VM and GPU management, and AI inference at the edge, which could drive tremendous growth.”
– Michael Reilly, an Investor at Growth Equity at Goldman Sachs Alternatives who will be joining Spectro Cloud’s Board of Directors
