Software company Weaveworks lands a $15m Series B funding round
London-based software developer will use finance to accelerate product development, sales and marketing
Weave works, a Software-as-a-Service company, has closed $15m in Series B funding from GV (formerly Google Ventures), alongside existing investor Accel.
Founded by Matthias Radestock and Alexis Richardson, London-based Weaveworks is the developer of Weave Cloud; software that enables developers to “connect, observe and control” software containers.
Its customers are able to build and migrate software applications that can then be run on any container technology. It has now enhanced its product to add monitoring, visualisation and control features to help users achieve better results.
The company – which has offices in London, Berlin and San Francisco – has partnerships with a range of high profile software and computing firms including Amazon Web Services, Docker, ContainerSolutions, Cloud Native Computing Foundation and Prometheus.
Customers can choose a standard tier, which costs $300 annually, or an enterprise tier for $1,500 annually, depending on their needs.
The funding, which follows a $5m Series A round in December 2014, will be used to continue developing its product and accelerate sales and marketing.
Richardson commented: “We’re delighted to welcome GV as a new investor, and Accel as a repeat investor in Weaveworks.
Building a website for your business idea is easier than you might think. Our online tool ranks the top website builders that offer free trials.
“Both share our vision of simplifying microservice-based application development by minimizing the connectivity and deployment complexities, and providing unique visual ways to understand and manage cloud-native applications.”
Tom Hulme, GV general partner, added: “Complex modern infrastructures and applications require visibility, and microservices and containers are no exception.
“A category leader will emerge in microservices management, and Weaveworks’ traction, team and vision position them well to become that leader.”