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Platform9 Announces Series A Funding From Redpoint Ventures to Bring the Power of SaaS to Private Clouds

Advisors Include Meraki Founder Hans Robertson, Former VMware Exec Bogomil Balkansky and Caroline McCrory

SUNNYVALE, CA -- (Marketwired) -- 08/12/14 -- Platform9, a company with a fundamentally new approach to creating and managing private clouds, today announced that it has raised $4.5 million in Series A funding from Redpoint Ventures. The company plans to use the money to further accelerate its roadmap and growth.

Also today Platform9 came out of stealth mode and launched the 1st 100% cloud managed platform for Docker, KVM and VMware vSphere: http://www2.marketwire.com/mw/release_html_b1?release_id=1136697.

"We believe the private cloud management market is ripe for disruption. Platform9 is one of the most innovative companies in this space, and customer excitement and engagement has been phenomenal," said Redpoint Ventures Partner Satish Dharmaraj, who has joined Platform9's board. "Platform9 is uniquely positioned to seize this opportunity with their all-star founding team and cloud-based delivery model."

Platform9 was founded in 2013 by early VMware engineers Sirish Raghuram (CEO), Madhura Maskasky (Head of Product), Roopak Parikh (Head of Engineering) and Bich Le (Chief Architect) -- a team with decades of combined experience building virtualization and systems management products. They founded Platform9 because they observed that enterprises were struggling to make private clouds operational using their existing virtualized infrastructure.

"We founded Platform9 with the goal of reimagining how private datacenters could be managed. We believe that just like SaaS revolutionized the world of enterprise applications, it can do the same for enterprise datacenters. You can think of us as the Salesforce.com of private cloud management," said Sirish Raghuram, co-founder and CEO of Platform9. "Platform9 transforms an organization's existing servers into an AWS-like agile, self-service private cloud within minutes. The organization can then focus on using their existing infrastructure to run applications instead of babysitting the management stack."

Platform9 advisors include Meraki Founder Hans Robertson, former VMware Exec Bogomil Balkansky and Caroline McCrory.

About Platform9
Platform9 is a private cloud company whose SaaS platform transforms an organization's existing infrastructure into an agile, self-service private cloud within minutes, offering the simplicity of AWS-like public clouds with complete ownership of all resources and data. The platform is the 1st 100% cloud managed platform for KVM, Docker and VMware vSphere. Founded in 2013 by a team of early VMware engineers, Platform9 is backed by Redpoint Ventures and headquartered in Sunnyvale, CA. For more information, visit: http://www.platform9.com, or follow Platform9 on Twitter @platform9sys.

About Redpoint Ventures
Founded in 1999, Redpoint Ventures is a leading technology focused venture capital and growth equity investment firm with more than $3 billion in capital under management. Redpoint focuses on investing globally in technology ventures across the Internet, digital media, mobile and enterprise sectors to accelerate growth and build industry defining companies. Its partners have been involved in 41 IPOs and 66 upside acquisitions. The firm is headquartered in Menlo Park, CA with offices in Los Angeles and Shanghai, China. For more information, visit: http://www.redpoint.com.

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