Webscale, a multi-cloud application delivery company today announced it has raised $12 million in a Series A1 funding round, bringing the company’s total funding to $20 million. Mohr Davidow Ventures (MDV) led the round, which included new investments from Benhamou Global Ventures (BGV), Grotech, and Silicon Valley Bank as well.
An A1 round of funding is essentially the second half to a Series A. Webscale closed a Series A round in early 2015, and after bringing in a new executive team with a new market strategy, they felt it was better to call it an A1 round given their stage in the cycle.
Webscale helps companies migrate their applications to the cloud. The unique aspect here is that it is able to achieve this across multiple cloud environments including public, private, and hybrid, says Sonal Puri Webscale’s CEO.
A large portion of this funding will be put toward research and development (R&D).
“We are at the leading edge of moving applications to multiple cloud environments. And because we are designing the space, we need to understand the market because there is so little information on the space itself,” Puri says.
The funding will also be put toward marketing, specifically educating people on this trend.
Another feature of Webscale is its predictive auto-scaling capabilities. It benchmarks all the applications that customers scale to the cloud to know what their scaling abilities are. Using this benchmark, Webscale always knows how a given app will scale, and it will do so automatically in the most efficient way possible.
In addition to scaling apps to multi-cloud environments, the company can also monitor these apps using machine learning. It is able to see how instances are behaving in the backend of an application as well as the infrastructure and identifies patterns. Webscale is able to recognize specific patterns in performance and determine if there is an issue or if it is a false alarm.
Founded in 2013, Webscale came to market in 2014 and reached its first customers in early 2015. Webscale has a breadth of customers ranging from the gaming industry to Fortune 200 customers. It predicts the mid-market will adopt the cloud faster than any other market.