Rancher Labs raises $40m led by Telstra Ventures

Container company Rancher Labs raises $40m from Telstra Ventures and existing investors Mayfield, Nexus VenturePartners, GRC SinoGreen and F&G Ventures.

Cupertino, California-based Rancher Labs, which develops open source container management software, announced it has raised $40 million in a Series D round of funding. Telstra Ventures led the financing and was joined from existing investors Mayfield, Nexus VenturePartners, GRC SinoGreen and F&G Ventures. The company, founded in 2014, has now raised $95 million in total funding to date.

Source: Company press release