Kong announced the launch of the latest version of Kong AI Gateway, which introduces new features to provide the AI security and governance guardrails needed to make GenAI and Agentic AI production-ready.
DigitalOcean closed a $50 million Series C funding round led by Access Industries, with participation from Andreessen Horowitz (a16z).
The funding follows the $320 million debt financing in February and brings DigitalOcean’s equity valuation to $1.15 billion.
“We are excited about this investment to support DigitalOcean as it enters its next phase of significant growth,” said Pueo Keffer, Managing Director at Access Industries. “We remain extremely impressed with the company and its management and believe that both are well positioned to transform the cloud space for developers and SMBs in the years ahead.”
“We are delighted to extend our partnership with Access and a16z and see this capital as adding strength to our balance sheet enabling us to better serve our customers’ demand for our platform, especially during COVID-19 where we are seeing an acceleration of businesses transitioning to the cloud,” said Yancey Spruill, CEO at DigitalOcean. “We are now freed up to focus on accelerating revenue growth, transitioning to free cash flow profitability in 2020 and positioning our company ultimately to be a public company.”
Founded in 2012, DigitalOcean is a high-growth business with $300M in annual recurring revenue, serving more than 500,000 customers globally, with nearly two-thirds located outside the U.S. The company has created a strong niche in the $200 billion cloud market by catering to developers, entrepreneurs and small businesses who opt to use DigitalOcean’s easy-to-use, affordable and scalable infrastructure over complex and cost-prohibitive options provided by others in the market.
Industry News
Traefik Labs announced significant enhancements to its AI Gateway platform along with new developer tools designed to streamline enterprise AI adoption and API development.
Zencoder released its next-generation AI coding and unit testing agents, designed to accelerate software development for professional engineers.
Windsurf (formerly Codeium) and Netlify announced a new technology partnership that brings seamless, one-click deployment directly into the developer's integrated development environment (IDE.)
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, is making significant updates to its certification offerings.
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, announced the Golden Kubestronaut program, a distinguished recognition for professionals who have demonstrated the highest level of expertise in Kubernetes, cloud native technologies, and Linux administration.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade internal developer portal based on the Backstage project.
Platform9 announced that Private Cloud Director Community Edition is generally available.
Sonatype expanded support for software development in Rust via the Cargo registry to the entire Sonatype product suite.
CloudBolt Software announced its acquisition of StormForge, a provider of machine learning-powered Kubernetes resource optimization.
Mirantis announced the k0rdent Application Catalog – with 19 validated infrastructure and software integrations that empower platform engineers to accelerate the delivery of cloud-native and AI workloads wherever the\y need to be deployed.
Traefik Labs announced its Kubernetes-native API Management product suite is now available on the Oracle Cloud Marketplace.
webAI and MacStadium(link is external) announced a strategic partnership that will revolutionize the deployment of large-scale artificial intelligence models using Apple's cutting-edge silicon technology.
Development work on the Linux kernel — the core software that underpins the open source Linux operating system — has a new infrastructure partner in Akamai. The company's cloud computing service and content delivery network (CDN) will support kernel.org, the main distribution system for Linux kernel source code and the primary coordination vehicle for its global developer network.