Kasten Secures $14 Million Series A
LOS ALTOS, Calif.--(BUSINESS WIRE)--Kasten, a market leader in cloud-native data management, today announced a $14 million Series A round led by Insight Partners, bringing the company’s total funding to $17 million to date. The Series A financing builds on an exceptional year for Kasten which saw a rapidly growing roster of enterprise customers that are scaling cloud-native deployments. The investment will be used to grow all areas of the company including sales, engineering, and marketing, in addition to creating an R&D center in Salt Lake City, Utah. Michael Triplett, managing director of Insight Partners, will join Kasten’s Board of Directors.
“We found Kasten’s innovative data management platform to be the best in the market, and it is perfectly timed to take advantage of the explosive ecosystem growth,” said Triplett. “We look forward to working closely with the leadership team as they scale the company and accelerate the adoption of Kasten’s platform across a wide segment of enterprise customers.”
Kasten’s K10 data management platform uses a novel application-centric approach to data management for cloud-native applications. It enables enterprises to meet business continuity and compliance requirements around stateful container-based applications running at scale on public and private Kubernetes deployments. Kasten’s solution provides enterprise IT and DevOps teams with much needed operational discipline and peace of mind when handling use cases like Backup and Recovery, Cloud Migration, and Disaster Recovery.
“In today’s hybrid and multicloud environments, effective data management for cloud-native applications is becoming increasingly important,” said Brad Casemore, Research Vice President for Datacenter Networks at IDC. “Kasten has responded to this need with an application-centric approach to data management for Kubernetes environments that addresses day-2 operations such as backup, disaster recovery, and application continuity.”
“This is an exciting time for Kasten as we are experiencing significant traction in the enterprise, and with the new funding we will be able to further accelerate our growth and take advantage of the large opportunity in front of us. Insight and Michael Triplett’s deep expertise in both the cloud-native and data management space make them the perfect partner to help us achieve this,” said Niraj Tolia, co-founder and CEO, Kasten.
Kasten reinvents the data management toolset for the modern cloud-native infrastructure for the purpose of empowering enterprises to easily build, deploy, and manage stateful containerized applications at scale. Founded in 2017 by experts in the areas of Kubernetes, storage, and distributed systems, Kasten is headquartered in Los Altos, CA with offices in Salt Lake City, UT. For more information, visit www.kasten.io or follow @kastenhq on Twitter.
About Insight Partners
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all its investments, visit insightpartners.com or follow @insightpartners on Twitter.