Rafay Systems, the leading platform provider for Kubernetes Operations, announced it has doubled its total annual recurring revenue since the company’s Series B funding in August, 2021, as a result of the increasing demand for its Kubernetes Operations Platform (KOP).
Rafay’s KOP is the only enterprise-grade SaaS solution that streamlines Kubernetes operations for companies deploying modern applications in public clouds, data centers or at the Edge. The platform accelerates application modernization initiatives by helping enterprises leverage the power of Kubernetes without the risk, complexity and cost of a DIY Kubernetes operations practice. New customers span financial services, healthcare, travel and hospitality, high technology and life sciences industries.
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Since its Series B funding, the company has achieved the following milestones:
- Annual recurring revenue (ARR) has doubled.
- Number of employees has more than doubled.
- Number of Kubernetes clusters under management has more than doubled.
“It’s been incredible to see the growing demand for our Kubernetes Operations Platform,” said Haseeb Budhani, co-founder and CEO of Rafay Systems. “Enterprises continue to look for ways to speed up their modernization initiatives, and find themselves investing significant time and resources towards solving the operational challenges related to Kubernetes. We’re proud to offer a turnkey SaaS platform that automates Kubernetes cluster lifecycle management and operations at scale. We will continue to add new capabilities and features to the platform, and successfully reduce the operational burden of managing Kubernetes at scale.”
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As the company brings more customers onto its Kubernetes Operations Platform, several trends are becoming evident:
- Multi-cloud and multi-distribution support is a table stakes requirement for enterprises, with enterprises investing in solutions that make it easier for them to leverage a median of two public clouds.
- HashiCorp Terraform is the clear winner in the infrastructure as code market, with a majority of enterprises leveraging Terraform for infrastructure automation.
- Adoption of GitOps is increasing YoY for accelerated application delivery and continuous operations in multi-cloud and multi-cluster environments.
- Enterprise platform teams are investing in shared services platforms for Kubernetes that provide self-service workflows to developers, while enforcing controls and governance.
The Cloud Native Computing Foundation (CNCF) recently published its annual survey for 2021 and “According to respondents, 96% of organizations are either using or evaluating Kubernetes – a record high since our surveys began in 2016.” However, as global Kubernetes adoption grows, enterprises continue to run into roadblocks preventing them from automating deployments, securing access to clusters, maintaining holistic visibility and monitoring, and ensuring standardization and compliance as they scale production Kubernetes environments.
Rafay’s SaaS Kubernetes Operations Platform is designed to integrate seamlessly with managed Kubernetes services from cloud service providers such as Amazon (EKS), Microsoft (AKS) and Google (GKE) as well as Kubernetes distributions for on-premises and edge deployments. By adding critical automation, security, visibility and governance capabilities to Kubernetes across IT environments, Rafay helps enterprises quickly and easily scale their Kubernetes operations. With Rafay, enterprises control the complexity, resource requirements, and spiraling costs associated with DIY Kubernetes strategies and ensure the success of their application modernization initiatives.
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