The funding would be used for its go-to-market efforts, which include direct, channel and service provider sales, in the US Asia Pacific, and Europe, and global marketing
Volterra has emerged from two years of stealth operations with over $50 million in funding to date. Investors include venture capital firms Khosla Ventures, Mayfield and M12 (Microsoft’s venture fund), as well as a growing set of strategic investors/partners including Itochu Technology Ventures and Samsung NEXT.
“They clearly see the challenge that enterprises are facing as they distribute applications across clouds and the edge, and have assembled a team of more than a hundred experts to build the answer. With over thirty customers already in production, we are confident that Volterra will make a major impact on the distributed cloud market,” said Navin Chaddha, Managing Director, Mayfield.
Ankur Singla, the company’s CEO and founder told Fierce Telecom that the funding would be used for its go-to-market efforts, which include direct, channel and service provider sales, in the US Asia Pacific (with a major focus on Japan), and Europe, and global marketing. He doesn’t anticipate needing another funding round until late 2020 or sometime in 2021.
He further stated that they are only two years old, and have built VoltMesh, VoltStack and Volterra Console from the ground up using microservices while enabling cloud operational principles for our customers. In addition, all of their software is 100 per cent microservices and built from the ground up as a multi-tenant SaaS-offering.
Work in progress
He also told the news daily that they are working on interesting capabilities to enable developers to rapidly build high performance and resilient distributed apps using microservices and Golang. They are also working on a set of templates, designs, and best practices to help our partners and customers to build solutions that are easily replicable.