Replicated Chief Executive Grant Miller
Culver City-based software company Replicated Inc. raised $ 50 million in Series C funding for its third-party software delivery platform.
The financing round announced on July 27th was led by Owl Rock, a division of asset management company Blue Owl Capital, with the participation of new investors Lead Edge Capital and Headline. The company also received support from existing investors, including Two Sigma Ventures, Amplify Partners, BoldStart Ventures, Ridgeline Inc., and Heavybit Inc.
The funding brings the total for the company to $ 85 million.
The company plans to use the investment to accelerate its growth and expand into more global markets.
“We have seen that many of our portfolio companies are already using Replicated to meet their customers’ ever-evolving security, compliance and regulatory needs to manage workloads and applications in their own environments,” said Albert Koh, vice president of Owl Rock, in a statement.
Replicated offers what is known as “multi-prem” software delivery, which allows third-party software to be implemented in new environments. The company’s installation platform enables its customers ‘applications to be implemented in other companies’ on-premise servers or public clouds. The software reduces the effort involved in implementing applications on new servers, a process that could otherwise take months.
Replicated’s customers include the San Francisco-based communications platform Orion Labs Inc .; Portland, Oregon-based cybersecurity company Tripwire Inc .; and Louisville, Colorado-based alert company Swimlane Inc.
“We believe the future of enterprise software delivery is multi-prem, allowing software vendors to easily deliver their applications to any customer environment,” said Grant Miller, co-founder and CEO of Replicated, in a statement.
Replicated was founded in 2015 by Miller and Marc Campbell, the company’s chief technology officer. The duo previously founded Look IO, a mobile live chat program that was acquired by LivePerson in 2012.
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