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CoreOS Adds $28 Million in Series B Funding, Total Now reaching $48 Million

Saying hyperscale, container-enabled infrastructure to lead next computing phase of enterprises

In validation that hyperscale, container-enabled infrastructure will lead the next computing phase of enterprise companies, CoreOS, Inc. received $28 million in Series B funding to support expansion from a consortium of investors led by GV (formerly Google Ventures).

Intel Capital participated in the round, as well as existing investors Accel Partners, Fuel Capital, Kleiner Perkins Caufield & Byers (KPCB), Y Combinator Continuity Fund and others, bringing the company’s funding to date to $48 million.

CoreOS, in deploying, managing and securing software containers, will use the additional funding to continue development of its solutions that enhance delivery of Google’s Infrastructure For Everyone Else (GIFEE), as well as to grow its team in the United States and Europe, hiring for its offices in San Francisco, CA, New York, NY, and Berlin, Germany.

For sophisticated enterprises, the inclusion of a container-based approach is inevitable,” said Dave Munichiello, general partner, GV. “Software containers empower development teams to focus on building great applications without regard for the underlying IT infrastructure. CoreOS’s Tectonic product packages Google’s Kubernetes for enterprises, enabling them to run applications seamlessly across public and private clouds and their own data centers. With CoreOS, now the rest of the Fortune 500 has access to a fully-supported version of the same secure, resilient, highly-available approach that the best web-scale businesses use daily.”

CoreOS plans to continue building and delivering its enterprise solution Tectonic, the enterprise Kubernetes distribution for running and managing application container clusters, and the Quay container registry. The company will continue development of its open source projects that are securing the Internet including CoreOS Linux, the lightweight Linux OS, etc, the distributed, consistent key-value store; rkt, the container engine alternative to Docker; and Clair, the container image security analyzer. These components developed by CoreOS in collaboration with the greater open source community are a part of delivering GIFEE to enterprises.

Tectonic, the completely supported technology stack for deploying containers in production, is built on CoreOS Linux and the Kubernetes cluster orchestrator and packages an array of tools for deploying, monitoring, and managing applications and infrastructure. With support from Intel, Tectonic will help make OpenStack on Kubernetes ready to deploy and manage for the enterprise.

Hyperscale build-outs have been a key accelerator of server volume growth in recent years, and next generation applications is one key workload helping drive that growth. We find enterprise customers are increasingly interested shifting their focus from maintaining legacy applications to developing new applications and Web services using modern infrastructure software,” said Al Gillen, group VP, enterprise infrastructure, IDC. “Standing up modern applications requires a full infrastructure software stack that includes, but goes well beyond container packaging technology. More complete solutions, such as those CoreOS offers, help to unlock this new class of capabilities and benefits for leading enterprises to run their business.”

We are in the middle of an important transition in the next major phase in enterprise computing since virtualization and cloud, where enterprises are on the path to embracing Google-style infrastructure,” said Alex Polvi, CEO, CoreOS. “Kubernetes is on point to be as ubiquitous as Linux. With this investment, CoreOS is at the forefront of bringing GIFEE to enterprises by providing the most advanced and secure Kubernetes distribution.”

Enterprises are looking to adopt some of the IT best practices of hyperscale cloud providers to deliver lower cost of ownership and high agility,” said Jason Waxman, corporate VP of the data center group, Intel Corp.Intel’s investment and collaboration with CoreOS will accelerate the efficiency, security, and consistency of hyperscale computing for the broader industry.”

Data center infrastructure is ready for a renaissance that makes hyperscale a possibility for any business,” said Michael Abbott, general partner, KPCB. “We are strategically continuing investment in CoreOS because this team has the unique knowledge and skill to build enterprise products, including Tectonic, that deliver dynamic infrastructure capabilities required for businesses to stay competitive.”

CoreOS represents a fundamental shift in infrastructure technology that only comes around once a decade,” said Jonathan Lehr, MD, Work-Bench Ventures. “CoreOS is enabling enterprises to be more agile by taking advantage of container-enabled infrastructure, and we are looking forward to supporting the company in its disruptive growth and in delivering GIFEE.”

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