# Platform9 Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/platform9-systems

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.platform9.com
- Total disclosed funding: $100M
- Latest round: Series E (Jun 1, 2022)
- Investors on record: 8

## About

Based in the US, Platform9 Systems, Inc. is a provider of cloud management solutions, specializing in the transformation of existing infrastructures into private cloud environments with advanced automation and high availability features.Platform9 Systems, Inc. was founded in 2013 and is headquartered in Mountain View, US. The company focuses on managing virtual machines and containerized applications. Its founding team includes Madhura Maskasky, Mia Ivkovic, Roopak Parikh, and Sirish Raghuram, who serves as the CEO. The company has successfully completed 7 funding deals, with the latest being a Series E round in June 2022, where it raised USD 26.00 mn led by Celesta Capital along with participation from NGP Capital and Cota Capital. The total amount raised by the company stands at USD 26.00 mn, with a current valuation of USD 246.31 mn.Platform9 offers a comprehensive suite of products designed for enterprise-grade management of virtual machines (VMs) and containerized applications, emphasizing its Private Cloud Director. This core product allows organizations to develop their existing infrastructure into a private cloud, featuring automation, high availability, live migration, and resource management. Additionally, the company provides a Community Edition, a free version of its software, and vJailbreak, a migration tool for transitioning from VMware environments. Their diverse client base includes global Fortune 500 companies and other industries requiring efficient cloud management solutions, primarily serving North America, Europe, and Asia.Platform9's revenue is primarily generated through a subscription model for its flagship product, the Private Cloud Director. Clients engage in annual subscriptions that include managed support and services, and the company also earns revenue through partnerships and enterprise agreements tailored to customers' needs. Migration costs are applied for organizations transitioning large VM amounts from VMware to Platform9, with pricing structured around the number of hypervisors and VMs managed, although specific figures are not disclosed.In June 2022, Platform9 Systems, Inc. raised USD 26.00 mn in venture funding led by Celesta Capital. The company plans to utilize this funding to accelerate its go-to-market strategy and enhance product research and development through enterprise deployments of cloud applications. Additionally, the company aims to expand into new markets, specifically targeting regions in Europe and Asia by 2023.

## Funding rounds

- Series E, Jun 1, 2022, $26M — NGP Capital, Cota Capital, Celesta Capital
- Series D, Feb 23, 2021, $13M — Menlo Ventures, Redpoint Ventures, NGP Capital, Canvas Prime, Hewlett Packard Enterprise Development LP, Celesta Capital, Mubadala Capital
- Series D, Aug 27, 2019, $25M — Menlo Ventures, Redpoint Ventures, NGP Capital, Canvas Prime, Hewlett Packard Enterprise Development LP, Mubadala Capital
- Series C, Jun 28, 2017, $22M — Menlo Ventures, Redpoint Ventures, Canvas Prime, Hewlett Packard Enterprise Development LP
- Series B, May 15, 2015, $10M — Menlo Ventures, Redpoint Ventures
- Series A, Aug 12, 2014, $4.5M — Redpoint Ventures

## Investors

- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C, Series D
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C, Series D
- Canvas Prime (https://capitalatlas.ai/funds/canvas-prime) — Series C, Series D
- Hewlett Packard Enterprise Development LP — Series C, Series D
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series D, Series E
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series D
- Celesta Capital (https://capitalatlas.ai/funds/celesta-capital) — Series D, Series E
- Cota Capital (https://capitalatlas.ai/funds/cota-capital) — Series E