By ET Bureau - July 28, 2021 3 Mins Read
Replicated, which enables software vendors to operationalize and scale the delivery of their applications into complex enterprise multi-prem environments (on-prem, airgap, private cloud, etc), today announced closing a Series C funding round of $50 million led by Owl Rock, a division of Blue Owl Capital, with participation from Lead Edge Capital, Headline and existing investors including Two Sigma Ventures, Amplify Partners, BoldStart, Ridgeline, and Heavybit. Replicated plans to use this round to accelerate growth and expand into more global markets.
“We believe the future of enterprise software delivery is multi-prem, the ability for software vendors to offer their applications to any customer environment with ease,” said Grant Miller, Replicated co-founder and CEO. “Securing this funding will allow Replicated to continue revolutionizing how software is delivered and how enterprises manage it.”
Multi-prem software delivery is a means of delivering 3rd party software entirely agnostic of the environment it will be deployed to. With a significant rise in the need for enterprise data privacy, security, and regulatory compliance, multi-tenant SaaS poses more challenges than benefits for organizations with sensitive data concerns. Taking advantage of containerized architecture and software development pipelines brings automation, uniformity, scalability, and observability to software deployment and management. This enables the packaging of cloud-native applications for multiple customer environments, including on-premises, private clouds, and air gapped servers. Replicated’s customers include HashiCorp, Puppet, UiPath, Rocket.Chat, CircleCI, PluralSight, and Tripwire. Currently, more than half of the Fortune 100 uses Replicated to manage applications.
“Software vendors want to focus on building and pushing differentiated product features, rather than on the complexities of delivering their applications into customer-controlled environments,” said Albert Koh, Vice President, Owl Rock, a division of Blue Owl Capital. “We saw many of our portfolio companies already using Replicated to address their customers’ constantly evolving security, compliance, and regulatory requirements to manage workloads and applications in their own environments, whether on-prem, private or public cloud, or air gapped. We are thrilled to partner with Replicated to continue building and pioneering their multi-prem application delivery platform.”
What used to take customers months and significant engineering time is now a faster, frictionless delivery of enterprise-grade applications, and the need is only growing. According to a recent survey conducted by Dimensional Research and sponsored by Replicated, out of 400+ global participants, over 90 percent reported growth in on-prem sales over the past five years, with 86% using Kubernetes. The demand for on-prem software continues to be as strong, if not stronger, than the public cloud option.
“Software vendors continue to partner with Replicated to grow their businesses, save money, and quickly deliver the modern applications their customers demand,” added Sunil Dhaliwal, General Partner, Amplify Partners. “We’ve been very impressed by their rapid expansion and are thrilled to extend our investment in the company.”
Replicated was founded in 2015 by Miller and Marc Campbell, CTO, who previously founded Look IO, a mobile live-chat program that was acquired by LivePerson.
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