- Loft Labs is the creator of several popular open-source projects in the cloud-native technology space, including the Kubernetes developer tool DevSpace, the certified Kubernetes distribution vcluster, and the policy engine jsPolicy.
- It’s commercial product, Loft, enables any organisation to scale self-service access to Kubernetes to hundreds or even thousands of engineers
Loft Labs has announced that the company raised $4.6 million in seed funding led by Fusion Fund, with participation of RTP Seed, Emergent Ventures, Berkeley SkyDeck Fund, as well as angel investor and Puppet CTO Abby Kearns, who recently joined the company’s advisory board. Loft Labs is the creator of several popular open-source projects in the cloud-native technology space, including the Kubernetes developer tool DevSpace, the certified Kubernetes distribution vcluster, and the policy engine jsPolicy.
Initially, Fusion Fund led a $2.6 million seed round for Loft Labs earlier this year and then offered to expand the round just three months after the initial closing because the investment team at Fusion saw the tremendous commercial traction that the company was able to build up in such a short amount of time. The company’s revenue growth also exceeded the expectations of RTP and Emergent Ventures and together, the three investors expanded the seed round to a total of $4.6 million.
It’s commercial product, Loft, enables any organization to scale self-service access to Kubernetes to hundreds or even thousands of engineers. Loft’s customers span from fast-growing startups Gusto, Urbint, and HqO to well-established Fortune 500 companies that include one of the largest U.S. financial institutions and one of the world’s largest car manufacturers.
Lu Zhang, founder and managing partner at Fusion Fund said, “We were really impressed to see that Loft Labs was able to close several Fortune 500 companies and unicorns within just a few months after our initial investment, so we just had to double down on this company.We strongly believe that Loft Labs will have a major impact on the cloud-native space and on how engineering teams in large enterprises will build cloud-based software in the future.”
Loft Labs is embracing open-source culture and technology. Over 4,000 engineers have starred the company’s projects on GitHub and its open-source project DevSpace has been downloaded over 300,000 times. The company is a member of the Linux Foundation as well as of the Cloud Native Computing Foundation (CNCF).
