Weaveworks, which has offices in London and San Francisco, announced it has raised $15 million in a Series B funding round led by new investor GV. Also participating in the round is Accel Partners, which led the company’s $5 million Series A round in late 2014. The company Weaveworks provides networking and monitoring services to help build and migrate applications to run on any container technology.
PRESS RELEASE
Weaveworks Raises $15M in Series B Funding Led By GV
Investment further cements Weaveworks’ position as a major player in the container ecosystem
LONDON & SAN FRANCISCO – May 11, 2016 – Weaveworks, the makers of Weave networking and monitoring for containers and microservices, today announced they have secured $15 million in Series B funding led by new investor GV (formerly Google Ventures), with participation from existing investor Accel. Weaveworks will use the investment to meet the rapidly increasing demand for tools to deploy, monitor and manage cloud-native container environments, furthering innovation in product development and sales and marketing.
For software teams moving to containers and microservices, Weaveworks’ Weave provides a simple and consistent way to connect and manage all the moving parts. Weave is preferred because it provides simple and reliable networking across development, test and production environments and any mix of data centers and public clouds. Weave also provides a unique console to visualize and interact with container and microservice deployments in development and production.
“Complex modern infrastructures and applications require visibility, and microservices and containers are no exception. A category leader will emerge in microservices management, and Weaveworks’ traction, team and vision position them well to become that leader,” said Tom Hulme, GV General Partner. “We look forward to seeing Weaveworks use this investment to accelerate product delivery, and complete their commercial and open source stack.”
Software containers enable organizations to increase IT delivery speed by breaking down software into smaller cooperating microservices, an approach used by Google, Facebook, Amazon and other leaders. This approach is a key target of the DevOps toolchain market that Gartner estimates is worth $2.3Bn in 2016[1].
“We’re delighted to welcome GV as a new investor, and Accel as a repeat investor in Weaveworks,” said Alexis Richardson, co-founder and CEO of Weaveworks and chair of the Cloud Native Computing Foundation’s (CNCF) Technical Oversight Committee. “Both share our vision of simplifying microservice-based application development by minimizing the connectivity and deployment complexities, and providing unique visual ways to understand and manage cloud-native applications.”
“Weave is a critical component in the International Securities Exchange (ISE) ‘Anywhere Exchange,’ providing software-defined networking for the multicast traffic within public cloud infrastructure,” said Rob Cornish, CIO of ISE. “Weave has turned a complex and demanding connectivity problem into ‘invisible infrastructure’ for our cloud-based disaster recovery solution. As a strategic vendor to ISE, we’re excited to see what Weave comes up with next.”
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About Weaveworks
Weaveworks is the maker of Weave Net, Weave Scope and Weave Flux, which enable customers to network, visualize and manage microservices and cloud native applications on Docker containers. Weave is open source software and contributions and pull requests are more than welcome via Github.
[1] Gartner Inc: “By 2016, DevOps Will Evolve From a Niche to a Mainstream Strategy Employed by 25 Percent of Global 2000 Organizations”, http://www.gartner.com/newsroom/id/2999017
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