Used by more than one million developers at companies such as LinkedIn, PayPal and Verizon, Lightbend’s platform Akka helps its users handle billions of transactions at massive scale in their cloud-native systems. The company has offices in San Francisco, Lausanne and Uppsala and was co-founded by EPFL professor Martin Odersky.
According to investment bank Goldman Sachs, by 2021 the containerization of enterprise environments will become a $7 billion market opportunity. Three-quarters of that budget will be for deploying new applications enabled by containers, especially cloud-native applications. Today’s digital-first enterprises require cloud-native applications that can seamlessly integrate into a company’s infrastructure. Lightbend’s cloud-native application platform helps developers meet the growing demand for applications that optimize resource consumption and scale dynamically by leveraging Kubernetes, microservices, and containers.
To date, the company has raised more than $85 million in funding. The new financing round was led by Dell Technologies Capital. Previous investors Bain Capital Ventures, Blue Cloud Ventures, Greylock Partners, IBM, Intel, Juniper Networks, and Shasta Ventures also participated. Tyler Jewell, a Managing Director at Dell Technologies Capital, joins the Lightbend board of directors and discusses why he led the investment in Lightbend here.
“As a pioneer in the concepts of Reactive programming a decade ago, Lightbend has been extraordinarily prescient and has built some of the most flexible and advanced frameworks and runtimes for cloud native computing on the market today,” said Jewell. “Their industry vision aligns with Dell Technologies Capital’s view of the future. Lightbend is well positioned to take advantage of two key trends that will dramatically change the enterprise computing landscape - they are the leader in Reactive architecture and enable serverless computing in a way unmatched by other vendors.”
“The rise of serverless, Reactive systems, and real-time streaming data pipelines mean wholesale changes in how organizations and systems work with software,” said Mark Brewer, CEO, Lightbend. “This funding from Dell Technologies Capital solidifies our plans to take advantage of this market opportunity, remaining cash flow positive while further scaling our business. As the founding member of the newly-established Reactive Foundation, we look forward to helping empower developers within the Kubernetes ecosystem and beyond, and bringing our vision for Reactive architecture to developers worldwide.”
Lightbend is headquartered in San Francisco and maintains offices in New York, Atlanta, Quebec, Lausanne, and Sweden.