Telstra Ventures Invests in Rancher!

Telstra Ventures Invests in Rancher!

Sheng Liang
Sheng Liang
Gray Calendar Icon Published: March 16, 2020

Today, we announced our $40M funding round led by Telstra Ventures. We have been working with Telstra as a customer for many years. When Telstra Ventures, who was familiar with Telstra’s success in using Rancher and Kubernetes, approached us for a potential funding round, it was a no-brainer. A leading telco like Telstra exemplifies Rancher’s vision to Run Kubernetes Everywhere. We believe Kubernetes will be the standard compute platform from data center and cloud to the edge, and our unique vision has driven the company’s success including doubling our customer base and achieving 169% revenue growth in 2019.

In tandem, Kubernetes and Rancher form an enterprise computing platform applicable to any organization seeking to deploy cloud native applications. The new funding will help us accelerate our pace of innovation and expand go-to-market initiatives across our entire enterprise customer base. For example, financial services companies are deploying AI and machine learning workloads on Kubernetes clusters. Retail giants are deploying k3s clusters in store locations. K3s is also powering the next generation of smart manufacturing platforms. Kubernetes is indeed going to be everywhere, and Rancher will manage them all.

Kubernetes will also be a vital technology underpinning for the next generation of 5G services, and Rancher has a long history working with telco operators and vendors to drive container and Kubernetes adoption. As early as in 2017, for example, the ONAP project standardized on Rancher Kubernetes. You can read more about that here). The experience working with early ONAP experts from Bell Mobility helped us form the conviction that Kubernetes and Container Network Functions (CNFs) will play a huge role in the next generation of telco infrastructure.

At Rancher we get to work with great customers, employees, and investors. We are very fortunate to have Steve Schmidt lead Telstra Venture’s investment into Rancher. Steve is one of the best technology investors I have ever met. Over the years Steve has always been generous with sharing his insights and connections from his prior successes like Box, DocuSign, Gitlab, Nginx, and VeloCloud. I look forward to working with Steve to build the next level of success for Rancher.

Sheng Liang
Sheng Liang
CEO
Prior to starting Rancher, Sheng was CTO of the Cloud Platforms group at Citrix Systems after their acquisition of Cloud.com, where he was co-founder and CEO. Sheng has more than 15 years of experience building innovative technology. He was a co-founder at Teros, which was acquired by Citrix in 2005 and led large engineering teams at SEVEN Networks, and Openwave Systems. Sheng started his career as a Staff Engineer in Java Software at Sun Microsystems, where he designed the Java Native Interface (JNI) and led the Java Virtual Machine (JVM) development for the Java 2 platform. Sheng has a B.S. from the University of Science and Technology of China and a Ph.D. from Yale University.
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