The vendor has sidled up next to Nokia and Ericsson as a dominant 5G equipment supplier to the largest carriers in the U.S.
Some view the platform as the death knell for serverless platforms not based on Kubernetes, while others tout patience.
The container-focused vendor has now hauled in more than $63 million in funding.
Investment firm Blackstone acquired Cloudreach last year, and has bankrolled a number of deals to expand its reach into North America.
The Knative GitHub page begins with a pronunciation guide because no one understands how to pronounce the platform's name.
The investment plans include producing equipment stateside to be closer to its customers, opening a new software development center, and hiring several hundred employees.
The platform will be integrated into VMware's Telco NFV portfolio. This will add automated service assurance capabilities to support virtual network function deployments.
The project is an open source monitoring tool, which is now seen as table stakes for cloud native and container deployments.
The company's CEO said the firm was not looking just yet at a Series B, but that reception to its platform sped up the process.
The company's CEO attempted to moderate his previous comments about growing pricing pressure from larger rivals, stating "You should assume that I communicated very poorly last quarter."
“But once you get there those investments you are making to achieve that goal ebb out. They either come down or effectively stabilize,” said CFO John Stephens.
The automated migration process carves out only the assets needed to operate the application in a container environment.
The rise of Kubernetes has made containers a “have to have” at least in terms of future cloud plans, and serverless has quickly taken on the role of promising up-start.
The data aggregation platform provider jumped in early on using microservices but found scaling and monitoring challenges actually hurt productivity.
Both carriers remain committed to spending billions on their respective 5G deployments.