Hyper-scaling platform Kubeark raises $2.8m pre-seed round to help SaaSify software products and enable cloud adoption
Kubeark, an open and infrastructure-agnostic platform which has made it its mission to support enterprises fix their scalability, delivery and lifecycle management challenges, has raised $2.8 million in a pre-seed funding round. The investment round was led by Credo Ventures, with participation from Seedcamp, LAUNCHub Ventures, 500 Emerging Europe, and others.
“Cloud computing continues to be an important technology trend, with ever more businesses becoming cloud-native. In the process, a major persisting challenge they face is to make applications more scalable and easier to deploy. We believe Kubeark is addressing this need by abstracting the complexity and allowing the user to define business rules that power the deployment process,” said Ondrej Bartos, Co-founder and General Partner at Credo Ventures.
The pandemic forced CIOs, CFOs and CTOs to implement flexible cloud strategies and compelled businesses everywhere to look at tools that allowed them to take control of their mission-critical workloads and data management. “Software vendors currently struggle with their hybrid cloud infrastructure and the transformation of products from on-premises to cloud on a large scale. Kubeark helps them achieve operational excellence regardless of where their infrastructure resides: on premises, on public, or on private cloud,” Bogdan Nedelcov, Kubeark CEO and Co-founder said. “Our platform ushers in a new era in which software products are delivered as true SaaS products, help ing vendors speed time-to-value, hyper-scale their distribution , and SaaSify any piece of software instantly,” he added.
The open, infrastructure-agnostic platform simplifies and innovates the way companies develop business models. With Kubeark, software vendors can remove the complexity of their application development lifecycle by effortlessly deploying, managing and scaling applications on any type of infrastructure, from private or public cloud to on-premises, for both open and closed systems.
The six-strong founding team includes CEO Bogdan Nedelcov, CTO Teofil Harapcea, VP of Engineering Adrian Tudoran, VP of Customer Success George Dumitrascu, VP of Product Bogdan Dumitru, and Mihai Faur (Board Member). Headquartered in New York, Kubeark has offices in Bucharest, Romania, and a team of 20.
“We are excited to back Kubeark, a company founded by an incredibly experienced team with roots at Seedcamp-backed UiPath. Their holistic yet versatile solution has the potential to supercharge scalability in an efficient and secure way,” said Reshma Sohoni, Managing Partner at Seedcamp.
“Almost every SaaS company struggles to deploy and manage different infrastructures for their customers, either battling with a do-it-yourself approach or pushing a one-size-fits-all approach, leaving billions of dollars on the table,” said Enis Hulli, a General Partner at 500 Emerging Europe. “We were immediately impressed with the Kubeark team and believe that they are uniquely positioned to wrap business logic around a Kubernetes as a service offering, tapping a nascent space and an unserved market that can create trillions of dollars in value for their customers.”
The investment will help Kubeark accelerate platform development and build a strong network of global partners in order to advance and scale the adoption of its technology.
About Kubeark
Kubeark is an open, infrastructure-agnostic platform built to scale any software product, which integrates deployment and management into business processes. With Kubeark, software vendors can remove the complexity of their application development lifecycle by effortlessly deploying, managing and scaling applications on any type of infrastructure, from private or public cloud to on-premises, for both open and closed systems.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230124005648/en/
Contact information
Media:
Cristina Siscanu
pr@kubeark.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
ADS-TEC Energy Appoints Automotive and Mobility Expert, Alwin Epple, as Newest Board Member29.4.2024 13:01:00 EEST | Press release
ADS-TEC Energy plc (“ADS-TEC Energy”, “Company”, “we”, “our” or “us”) (NASDAQ: ADSE), a global leader in battery-buffered, ultra-fast charging technology, is pleased to announce the appointment of Alwin Epple to its Board of Directors. With an illustrious career in the automotive industry spanning over three decades, Mr. Epple brings a wealth of experience and expertise to the company’s leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429129397/en/ New Board Member for ADS-TEC Energy, Alwin Epple (Photo: Business Wire) Mr. Epple has held prominent positions at Daimler AG and Mercedes Benz Group for the past 20 years. Most recently, he served as Chief Audit Executive at Mercedes-Benz Group. Prior to this, he served as the Head of Project Management for Daimler AG in Stuttgart, where he spearheaded the restructuring of passenger car sales in 18 countries. Mr. Epple's extensive international experience also in
Al Shindagha Museum - A Modern Journey through Dubai's Rich Heritage and Cultural Tapestry29.4.2024 11:00:00 EEST | Press release
As Dubai gears up to host the prestigious International Council of Museums (ICOM) General Conference for the first time in the MENASA region in 2025, Al Shindagha Museum is poised to play a pivotal role in this landmark event. Managed by the Dubai Culture & Arts Authority (Dubai Culture), the museum is a testament to the UAE’s rich heritage and cultural tapestry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423357515/en/ Al Shindagha Museum, the UAE’s largest heritage museum on the banks of Dubai Creek (Photo: AETOSWire) Al Shindagha Museum, the UAE's largest heritage museum, is a prominent stop in the route to understanding Dubai. It weaves a unique tapestry of stories and offers distinctive journeys that guide visitors through an array of 22 pavilions nestled within 80+ historic houses, celebrating Dubai's history and culture. The museum affords its guests the opportunity to immerse themselves in the Emirati past thro
NextPower V ESG Reaches $745 Million To Date29.4.2024 09:30:00 EEST | Press release
NextEnergy Capital (“NEC”), a leading global renewables manager specialised on the solar+ infrastructure sector, is delighted to announce the conclusion of its second close of $265 million for its fifth strategy, NextPower V ESG (“NPV ESG”). NPV ESG is an OECD-focused solar and battery storage strategy targeting $1.5 billion with a $2 billion hard cap that has secured $745 million in total commitments to date. The new capital includes commitments from a UK LGPS investment pool, a Dutch pension fund, and another re-up from an existing NextPower III ESG investor. These new investors join existing NPV ESG investors KLP, a German occupational pension fund, and a large Nordic pension fund. NPV ESG will continue welcoming further capital, with several investors currently active in due diligence. NPV ESG’s investment strategy targets the solar+ infrastructure sector in carefully selected OECD markets, with the objective of building significant portfolios in each target market, establishing an
H2SITE’s AMMONIA to H2POWER Technology Receives Approval in Principle From Lloyd’s Register29.4.2024 09:30:00 EEST | Press release
Ammonia cracking is gaining momentum as a potential hydrogen carrier for onboard applications and this system is based on H2SITE’s hydrogen-selective membranes that overcome the thermodynamic limitations of the ammonia cracking reaction by recovering hydrogen continuously and resulting in virtually complete ammonia conversion and higher efficiencies at lower temperatures, reducing overall energy consumption and footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240428422597/en/ (Photo: Business Wire) In awarding the AIP, the design and arrangement evaluation included an overall examination of fundamental aspects of the design and compliance with LR’s Rules and Regulations for the Classification of Ships using Gases or other Low-flashpoint Fuels. A preliminary appraisal of rules was undertaken, followed by a risk assessment conducted to ensure that the risks arising from the use of ammonia and hydrogen are addressed ac
Geopolitical Stability, Inclusive Growth, Energy Security Under Spotlight in Riyadh at World Economic Forum Special Meeting29.4.2024 08:46:00 EEST | Press release
Riyadh convened global leaders today at the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development to host candid dialogues and outline bold steps to tackle the most pressing geopolitical, social and economic challenges facing humanity. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240428317713/en/ His Excellency Faisal Alibrahim, Saudi Minister of Economy and Planning, welcomes global leaders to Riyadh for the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development. (Photo: AETOSWire) Speaking at the Special Meeting, His Royal Highness Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Minister of Energy for Saudi Arabia, said a just and equitable energy transition will only be achieved by using a range of energy sources to diversify the global energy market. Access to secure and reliable energy, he said, is crucial to enabling people and comm
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom