Exadel announced the Grand Prize winner of the “Appery.io COVID-19 Virtual Hackathon.”
Webscale secured a $14 million Series B round of financing led by Mohr Davidow Ventures with participation from Benhamou Global Ventures and Grotech Ventures.
“Webscale is positioned perfectly at the intersection of two rapidly growing, multi-billion dollar markets – digital commerce and cloud transformation,” said Jim Smith, General Partner at Mohr Davidow Ventures. “Enterprise and mid-market brand owners are transitioning away from static hosting infrastructure, and are eager to leverage the benefits of hyperscale cloud providers. Webscale must be the first call for any business embarking on this digital transformation journey.”
“Fully-automated provisioning, configuration, and management of cloud-based applications is a critical need for digital businesses who want speed and agility, without losing focus on innovation,” said Anik Bose, General Partner at Benhamou Global Ventures. “For enterprise customers, Webscale’s converged automation software solution delivers on these goals by leveraging web application delivery, cybersecurity, and machine learning.”
“Webscale continues to claim market share from legacy incumbents in the hosting, web application delivery, and security markets,” said Sonal Puri, CEO at Webscale. “Innovation and a relentless focus on customer success are responsible for our impressive revenue growth, coupled with a product offering that encompasses all the key capabilities needed to execute on the promise of the cloud.”
The new funding round will help Webscale further accelerate growth, international expansion, customer success, and channel velocity.