KUALA LUMPUR, June 21 (Bernama) -- NGINX Inc has raised US$43 million (RM172.66 million) in Series C funding, led by Goldman Sachs Growth Equity (GS Growth) to help enterprises move to microservices - a modern approach to application development.
GS Growth is a platform within Goldman Sachs' Merchant Banking Division, a statement said.
NGINX is a California-based company behind popular open source project, offering a suite of technologies designed to develop and deliver modern applications.
The Series C brings NGINX's total funding to US$103 million (RM413.55 million).
The new funding will be used by NGINX to advance product roadmap, expand existing partnerships in the microservices ecosystem and accelerate expansion in Asia Pacific.
Managing Director in Goldman Sachs' Merchant Banking Division, David Campbell said the company invested in NGINX for three key reasons.
He said firstly, NGINX is a globally recognised technology leader with a pervasive footprint and adoption. Secondly, NGINX's open source approach and participation in the Linux ecosystem and critically, its management team has the proven experience.
NGINX has experienced tremendous growth and customer traction, including adoption by more than 30 per cent of the Fortune 50.
In the last 18 months, NGINX has introduced six new technologies to the platform to accelerate the modernisation of customers' application infrastructure.
Companies like Netflix, Starbucks and McDonalds rely on NGINX to reduce costs, improve resiliency, and speed innovation. More details on https://www.nginx.com/
-- BERNAMA
No comments:
Post a Comment