Lightbend Closes $20 Million in Series C Funding Led by Intel Capital
May 26, 2016
Pioneer in Reactive Systems accelerating growth as more and more Global 2000 enterprises move to cloud-first business models built on microservices
Today Lightbend announced it has closed a $20 million Series C funding round led by Intel Capital. Blue Cloud Ventures also joined Intel Capital as a new investor, with full participation from previous investors Bain Capital Ventures, Polytech Ecosystem Ventures and Shasta Ventures. Vibhor Rastogi, Director for Enterprise Software at Intel Capital, will join Lightbend’s board of directors.
Enterprises including Walmart, Verizon, iHeartRadio, William Hill, and Samsung (see case studies) have adopted the Lightbend Reactive Platform to build low latency, fast data applications based on modern microservice architectures. Lightbend’s platform and professional services have become a popular option for enterprises that leverage the Java Virtual Machine (JVM) and JVM-languages like Java and Scala – and that seek the characteristics of application resiliency and extreme scale defined by the Reactive Manifesto.
“Lightbend is very excited that Intel Capital and Blue Cloud Ventures have invested as we continue to deliver technology, services and expertise to Global 2000 companies that are refactoring their application architectures for Agile development cycles and extreme scale on-prem and in the cloud,” said Mark Brewer, CEO of Lightbend. “Enterprises come to Lightbend because of our track record enabling teams to ship better code faster, and in an operations model that stands up to the most extreme scale.”
“Mobile and IoT use cases are driving enterprises to modernize how they process large volumes of data,” said Doug Fisher, Senior Vice President and General Manager of the Software and Services Group at Intel Corporation. “Lightbend provides the fundamental building blocks for developing, deploying and managing today’s large-scale, distributed applications.”
“These changes are happening because application requirements have changed dramatically in recent years,” said Jonas Bonér, founder and CTO at Lightbend, and creator of Akka. “Only a few years ago a large application had tens of servers, seconds of response time, hours of offline maintenance and gigabytes of data. Today, applications are deployed on everything from mobile devices to cloud-based clusters running thousands of multi-core processors. Users expect millisecond response times and 100% uptime. Today's demands are simply not met by yesterday’s software architectures.”
About Intel Capital
Intel Capital, Intel's strategic investment and M&A organization, backs innovative startups targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested US$11.7 billion in 1,445 companies in 57 countries, and 595 portfolio companies have gone public or been acquired. Through its business development programs, Intel Capital curates thousands of introductions each year between its portfolio executives and Intel's customers and partners in the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.