Cloud Ecommerce Company Webscale Receives $14 Million Investment

May 14, 2019
Cloud Ecommerce Company Webscale Receives $14 Million Investment
Cloud ecommerce company Webscale Networks (Webscale) has received a $14 million investment. Webscale has headquarters in Sunnyvale, California, United States alongside offices in Boulder, Colorado, United States and Bangalore, India. Established in 2013, the company offers ecommerce companies cloud automation and orchestration tools on a Software-as-a-Service (SaaS) basis. Webscale is used by customers around the world, including six ‘Fortune 1000’ businesses.

The Webscale platform enables users to “benefit from cloud migration, application scalability, load balancing, high performance, outage prevention, improved security and simple management” using a variety of cloud providers. The $14 million the company secured was provided through ‘series B’ financing and comes at a time Webscale’s year-over-year revenue has grown by 100%. To date the company has received investment totalling $32.3 million.

Webscale offers a broad range of solutions that include plug-and-play tools for load balancing longside machine learning, cybersecurity, app performance monitoring, and outage prevention services. Webscale is available through public clouds like Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure. It is also available through private and hybrid clouds. Its features include predictive auto-scaling that restructures apps based on CPU load, memory usage, and traffic volume.

“Webscale continues to claim market share from legacy incumbents in the hosting, web application delivery, and security markets,” suggested Webscale’s CEO, Sonal Puri on the company’s website. “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.”

Do you know of any other companies winning new investment? Let us know the details. Add your comments below.

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