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Company News : Iron.io Raises $8M Financing
on 2015/9/22 8:02:52 (478 reads)
Company News

Iron.io, a provider of event-driven computing solutions, has announced that it has raised $8 million for a series A round of funding. The round was led by Baseline Ventures, with participation from Bain Capital Ventures, Divergent Ventures, Ignition Partners, and Cloud Capital Partners. Previously, Iron.io raised $5.5 million in seed funding.

Due to the rapid growth of APIs and ensuing complexity of the software stack, Enterprises are adopting a microservice architecture: breaking down complex applications into small, independent processes. Iron.io's flexible language-agnostic and ability to be deployed on public, private, hybrid cloud or on-premises have made it a popular choice for scaling this new architecture, abstracting and managing the billions of compute tasks necessary to run and deliver software. Current customers include HotelTonight, Turner Broadcasting System, Bleacher Report and Twitter's Periscope.

"We're at a critical juncture in software, where applications are continuing to break down into smaller distributed services. These services are generating billions of discrete events across a host of cloud and on-premise infrastructure," said Chad Arimura, Iron.io CEO. "Iron.io is the glue ensuring those compute tasks always happen no matter the scale, enabling Enterprises to rapidly deploy new applications. This funding will serve as a force multiplier for us as we onboard new customers and build our team to meet the growing demand."

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