DEVOPSdigest

NodeSource has raised $17.5 million in Series B funding.

The up-round investment was provided by Silicon Valley Bank, Industry Ventures and existing investors Crosslink Capital and RRE Ventures.

NodeSource will harness the investment proceeds to rapidly grow its engineering, support and global go-to-market teams to better serve customers as they create and deploy mission-critical and secure applications, leveraged by the power and low cost of the open source community.

NodeSource has raised a total of $33.4 million since its founding in 2014, including a $12.5 million Series A round in April 2016 by RRE Ventures, Crosslink Capital and Resolute Ventures and a February 2015 seed round of $3.4 million from Crosslink Capital, Hack VC and Resolute Ventures.

Node.js is the fastest-growing open source project on earth, and NodeSource is a commercial provider specializing in Node.js for the enterprise. Its flagship product N|Solid is a fully-compatible enhanced Node.js platform designed for mission-critical enterprise applications and is built to meet the unique needs associated with running server-side JavaScript at scale. N|Solid empowers organizations to develop, manage, secure, and analyze Node.js applications while providing unparalleled visibility into application behavior and system health, as well as offering configurable security policies and real-time vulnerability scanning. NodeSource’s effective commercialization of Node.js technology has attracted a wide range of customers, including Citadel, Comcast, Condé Nast, Delta Airlines, Goldman Sachs, Mastercard, and PayPal.

"Our Node.js solutions are powerful tools for enterprises that need to run mission-critical applications on JavaScript," commented NodeSource Founder and CEO Joe McCann. "The market potential is significant, and this Series B investment from our partners at Crosslink Capital, Industry Ventures, Silicon Valley Bank and RRE Ventures further validates the strategy behind N|Solid and NodeSource Certified Modules (NCM), which is all about empowering organizations to successfully adopt, operationalize and scale Node.js to drive digital transformation initiatives."