Business Wire

Hyper-scaling platform Kubeark raises $2.8m pre-seed round to help SaaSify software products and enable cloud adoption

Share

Kubeark, an open and infrastructure-agnostic platform which has made it its mission to support enterprises fix their scalability, delivery and lifecycle management challenges, has raised $2.8 millionin a pre-seed funding round. The investment round was led by Credo Ventures, with participation from Seedcamp, LAUNCHub Ventures, 500 Emerging Europe, and others.

Cloud computing continues to be an important technology trend, with ever more businesses becoming cloud-native. In the process, a major persisting challenge they face is to make applications more scalable and easier to deploy. We believe Kubeark is addressing this need by abstracting the complexity and allowing the user to define business rules that power the deployment process,” said Ondrej Bartos, Co-founder and General Partner at Credo Ventures.

The pandemic forced CIOs, CFOs and CTOs to implement flexible cloud strategies and compelled businesses everywhere to look at tools that allowed them to take control of their mission-critical workloads and data management. “Software vendors currently struggle with their hybrid cloud infrastructure and the transformation of products from on-premises to cloud on a large scale. Kubeark helps them achieve operational excellence regardless of where their infrastructure resides: on premises, on public, or on private cloud,” Bogdan Nedelcov, Kubeark CEO and Co-founder said. “Our platform ushers in a new era in which software products are delivered as true SaaS products, helping vendors speed time-to-value, hyper-scale their distribution, and SaaSify any piece of software instantly,” he added.

The open, infrastructure-agnostic platform simplifies and innovates the way companies develop business models. With Kubeark, software vendors can remove the complexity of their application development lifecycle by effortlessly deploying, managing and scaling applications on any type of infrastructure, from private or public cloud to on-premises, for both open and closed systems.

The six-strong founding team includes CEO Bogdan Nedelcov, CTO Teofil Harapcea, VP of Engineering Adrian Tudoran, VP of Customer Success George Dumitrascu, VP of Product Bogdan Dumitru, and Mihai Faur (Board Member). Headquartered in New York, Kubeark has offices in Bucharest, Romania, and a team of 20.

We are excited to back Kubeark, a company founded by an incredibly experienced team with roots at Seedcamp-backed UiPath. Their holistic yet versatile solution has the potential to supercharge scalability in an efficient and secure way,” said Reshma Sohoni, Managing Partner at Seedcamp.

Almost every SaaS company struggles to deploy and manage different infrastructures for their customers, either battling with a do-it-yourself approach or pushing a one-size-fits-all approach, leaving billions of dollars on the table,” said Enis Hulli, a General Partner at 500 Emerging Europe. “We were immediately impressed with the Kubeark team and believe that they are uniquely positioned to wrap business logic around a Kubernetes as a service offering, tapping a nascent space and an unserved market that can create trillions of dollars in value for their customers.”

The investment will help Kubeark accelerate platform development and build a strong network of global partners in order to advance and scale the adoption of its technology.

About Kubeark

Kubeark is an open, infrastructure-agnostic platform built to scale any software product, which integrates deployment and management into business processes. With Kubeark, software vendors can remove the complexity of their application development lifecycle by effortlessly deploying, managing and scaling applications on any type of infrastructure, from private or public cloud to on-premises, for both open and closed systems.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Media:
Cristina Siscanu
pr@kubeark.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

H.I.G. Capital Announces the Sale of DGS S.p.A.11.6.2024 12:00:00 CEST | Press release

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $62 billion of capital under management, is pleased to announce that an affiliate has signed a definitive agreement to sell its portfolio company, DGS S.p.A. (“DGS” or the “Group”), a leading firm in the Italian Information Technology market, to DGS Co-Founders and management team in partnership with ICG, a global alternative asset manager. Since its inception in 1997, DGShas supported blue-chip customers in the design, integration, and maintenance of complex IT systems, with a specialization in digital transformation and cybersecurity services. The Group currently has over 1,900 employees, revenues of approximately €300 million, and maintains a group of highly loyal clientele. During H.I.G.’s ownership, DGS has tripled in size and consolidated its position as a leading Italian firm in cybersecurity services and digital transformation. DGS offers its clients sophisticated and proprietary digital transformation

Evertas Names Nick Selby Head of European Underwriting11.6.2024 12:00:00 CEST | Press release

Evertas, the world’s first crypto insurance company, has named Nick Selby as its new Head of European Underwriting. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611141887/en/ Nick Selby, Executive Vice President and Head of European Underwriting at Evertas (Photo: Business Wire) Selby, an accomplished information and physical security professional, brings two decades of expertise in public and private sector information security, physical security, and complex incident handling, as well as seven years of experience leading teams securing billions of dollars in cryptoassets. Previously, his roles included VP of the Software Assurance Practice at Trail of Bits, Chief Security Officer at Paxos Trust Company, and Director of Cyber Intelligence and Investigations at the NYPD Intelligence Bureau. “Nick is an extremely valuable addition to our European team,” said Evertas CEO and Co-Founder J. Gdanski. “His public and private

Owlet utvider globalt fotavtrykk med lanseringen av medisinsk-sertifisert Dream Sock™ i Storbritannia og over hele Europa11.6.2024 11:00:00 CEST | Pressemelding

Owlet, Inc. («Owlet» or the «Company») (NYSE:OWLT), pioneren innen smart spedbarnsovervåking, kunngjør i dag den britiske og europeiske lanseringen av Dream Sock. Dette er en smart babymonitor med levende helseavlesninger og varsler for friske spedbarn mellom 0-18 måneder og 2,5-13,6 kg. Dette innovative medisinske utstyret gir foreldre helse og viktig informasjon i sanntid, noe som gir uovertruffen trygghet. Denne pressemeldingen inneholder multimedia. Se hele pressemeldingen her: https://www.businesswire.com/news/home/20240611820341/no/ (Photo: Business Wire) «Vi er svært stolte over å lansere Dream Sock til omsorgspersoner over hele Storbritannia og Europa og gi millioner av foreldre mer trygghet mens babyen sover,» sa Kurt Workman, Owlets administrerende direktør og medgründer. «Dream Sock er nå et globalt produkt som er anerkjent som medisinsk nøyaktig og trygt, etter å ha gjennomgått regulatoriske autorisasjoner og sertifiseringer innenfor flere geografier. I dag er misjonen vår

V-Nova Surpasses 1000 Patent Milestone in Media Technology Innovation11.6.2024 10:00:00 CEST | Press release

V-Nova, a leading provider of data compression solutions, video compression technology, XR technology, AI acceleration and parallel processing for a multitude of industries including media and entertainment, today announced its milestone achievement of 1000 active technology patents. This accomplishment underscores V-Nova’s dedication to research and development and its commitment to protecting its intellectual property globally. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240611724561/en/ V-Nova’s patent portfolio spans more than 50 different jurisdictions. Including over 400 patents in Europe, over 200 in the Americas, over 100 in the United States specifically, and over 200 in Asia. V-Nova forged new directions in data processing to enhance digital experiences, maximize efficiency, reduce costs, and increase sustainability. The company leads the way with key international data compression standards for the video indust

Alipay+ Reveals Top Scorer Trophy Design for UEFA EURO 2024™11.6.2024 09:24:00 CEST | Press release

Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International and an Official Partner of UEFA EURO 2024™, today revealed the trophy that will be awarded to the most prolific marksman at the UEFA EURO 2024™ finale on July 14 in Berlin, Germany. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610328619/en/ The UEFA Top Scorer Trophy presented by Alipay+ is unveiled for UEFA EURO 2024™ (Photo: Business Wire) Sculpted in the shape of the Chinese character “支” (pronounced zhi, and meaning payment as well as support), the trophy reflects Alipay+’s dedication to supporting consumers to enjoy seamless payment and a broad choice of deals using their preferred payment methods while traveling abroad. The character also resembles the fleeting moment of a barefooted striker poised to shoot, evoking the original beauty and power of football – a game that united people across the wo

World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye