Orange Ventures, the venture capital fund of the French telco, has invested in GitOps creator Weaveworks.
GitOps is a developer-centric operating model for Kubernetes, the open-source system for automating deployment, scaling, and management of containerized applications. Weaveworks in particular is focused on helping its customers adopt cloud native computing, managing cloud native infrastructure and applications quickly, reliably and at scale.
The platform promises to allow telcos to securely deliver containerised 5G – vital for video content – across data centres, cloud, hybrid, and edge environments while significantly reducing operating costs.
This round of funding raised a total of US$36.5 million, with Orange Ventures joining fellow investors Deutsche Telekom, Ericsson, Amazon Web Services and Sonae IM and historic investors such as Accel, Google Ventures and Redline Capital.
Weaveworks said that the funding would be used to enhance the GitOps-powered Kubernetes platform built on Open Source software and extend its reach in enterprises and telecommunications companies to make it easier for them to accelerate adoption.
Remi Prunier, investment principal, Orange Ventures, said: “As global telcos ramp up to deliver high-speed 5G applications and services, and enterprises build and operate cloud-native applications, the need for a reliable, secure and standards-based operating model is more important than ever. GitOps is that operating model for large scale cloud native implementations across environments and serves as the backbone of the Weave Kubernetes Platform (WKP).”
Alexis Richardson, co-founder and CEO of Weaveworks, said: “Our new funding, backed by two of the world’s leading public cloud providers and industry-leading telecoms companies, is a powerful validation that Weaveworks provides the speed, flexibility, and control telecoms and large enterprises need to rapidly innovate and scale cloud native applications.”
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