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Docker software developer Rancher Labs bags funding from Nexus Venture Partners

US-based startup Rancher Labs, which is developing Docker infrastructure software, has secured $10 million in Series A funding from Mayfield and Indian VC firm Nexus Venture Partners.

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FP Staff|Jun 10, 2015, 11:46:15 IST

US-based startup Rancher Labs, which is developing Docker infrastructure software, has secured $10 million in Series A funding from Mayfield and Indian VC firm Nexus Venture Partners. The company’s open source software has gained in popularity by allowing organisations to run containers in production, across any cloud. The funding will be allocated to furthering product development and expanding Rancher Labs’s engineering and development teams.[caption id="attachment_2143095" align="alignleft" width="380"]Pic Pic[/caption]Rancher is developing solutions for container infrastructure, including networking, load balancing, monitoring and storage, designed specifically for containers. "With this new approach, Rancher makes it easier for organisations to adopt Docker, deploy it anywhere and manage it in production," the company said.“Software containers have dramatically changed the way DevOps teams work, becoming an essential piece of today’s IT infrastructure,” said Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners. “The team at Rancher Labs recognised the technology’s potential early on, along with the pain points associated with it. With their dedication to bridging the subsequent gaps and providing a solution which eases the management of containers in production, we are thrilled to be partnering back with Sheng and team and help build another category leading company after Cloud.com.”Ursheet Parikh, Mayfield partner, said, “The full stack from Rancher Labs will deliver the environment for containers to proliferate in production.”Rancher was founded by the team behind Cloud.com, maker of the Apache CloudStack software, which was acquired by Citrix in 2011.

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First Published:Jun 10, 2015, 11:46:15 IST
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