There's A Lot of Opportunities
Music: Pet Shop Boys - Opportunities (1986)
This week we take a look at recent funding, mergers, and acquisitions related to platform engineering.
Getting Informed
Summer has arrived. This week, Fudge Sunday will be shorter than usual.
Buttondown has added newsletter features I am testing. For example, my “Music” section will display a Spotify card from Fudge Sunday playlist and a long running survey will at the end of each email.
Now let’s look at a few recent funding, mergers, and acquisitions that relate to platform engineering.
Ask yourself this question: Do you want to be rich 🎶
Machine learning operations (MLOps) has just a few references[1] in Fudge Sunday but it is reasonable to expect funding for MLOPs companies to increase in the coming years. So, congrats to the Striveworks team on their new funding!
Austin-based Striveworks, which builds MLOps tools for training AI models and cleaning data, raised $33M from Centana Growth Partners, its first outside funding
By Ingrid Lunden / TechCrunch. View the full context on Techmeme.
You might recall several companies referenced in Do You Need the Service Catalog will see more funding in the coming years. So, congrats to the Cortex team on their recent round!
Cortex, which sells an internal developer portal for teams making software at scale, raised a $35M Series B led by IVP, taking its total funding to nearly $53M
By Frederic Lardinois / TechCrunch. View the full context on Techmeme.
I’m looking for a partner, regardless of expense 🎶
Meanwhile, in addition to funding there have been a few mergers and acquisition activities — sometimes both. For now, I’ll briefly discuss a couple.
First, platform engineering isn’t limited to specific countries or regions — it is global. So, here’s to a warm welcome to the Agyla SAS team!
IBM to Acquire Agyla SAS to Expand Hybrid Cloud Consulting Capability in France | John Granger
I’m pleased to share today’s announcement that IBM Consulting intends to acquire Agyla.Cloud – a leader in hybrid multicloud integration and cloud platform engineering services in France. Paris-based Agyla will enable us to deliver hybrid cloud services in Europe by leveraging local expertise to better provide end-to-end services for clients in France to build, deploy and run large-scale digital transformations on hybrid cloud. For more information, read my blog linked below. We’re excited to welcome Agyla SAS CEO Raphaël Haïk and his team when the acquisition is complete, and we look forward to working together to help businesses in France successfully navigate their hybrid cloud journeys.
Second, platform engineering fuses multiple disciplines and technologies for the benefit of ongoing improvements in the developer experience. So, here is a double duty warm welcome to NS1 and hearty congrats to the NetBox Labs team on their funding!
NYC-based NetBox Labs, whose open-source tools help manage and automate networks, raised a $20M Series A after spinning out of NS1, which IBM acquired in March
By Paul Sawers / TechCrunch. View the full context on Techmeme.
So, what will be the next big thing in funding, mergers, and acquisitions related to platform engineering?
Until then… Place your bets!
Disclosure
I am linking to my disclosure.
Fudge Sunday - Everything Counts in Ops Amounts
A look at portmanteaus of Development and Operations (DevOps) making inroads toward operationalizing Finance, Data Management, Machine Learning, Communications, and more
