Series A Funding Led by Menlo Ventures to Fuel FastTrack IT Solution That Simplifies Cloud and Datacenter Software Deployments
SANTA BARBARA, CA--(Marketwired - Aug 13, 2013) - Ansible, Inc., the company behind Ansible, the popular Open Source IT automation solution, announced today the completion of a $6 million dollar round of funding led by Menlo Ventures. The Series A funding, coming only five months after the company's launch, will be used to accelerate product development, sales, and other key initiatives.
"Ansible has delivered a complete reboot of how developers and IT administrators manage complex cloud and datacenter environments," said Doug Carlisle, managing director at Menlo Ventures. "The result is a highly differentiated solution that makes managing all kinds of infrastructure projects easy and fast. The company now has a production ready technology, a proven management team, and customer traction to disrupt this potential $10 billion market."
Ansible was started 18 months ago by cofounder and CTO, Michael DeHaan. With over 300,000 users to date and a download rate approaching 30,000 per month, Ansible has proven to be a highly disruptive technology in the IT automation space, finding many users among the Fortune 500 in markets such as Financial Services, Telecommunications, Healthcare, and Media. The prolific Open Source community behind Ansible is a major key to Ansible's success, with the project already registering close to 400 unique code contributors, per ohloh.net.
"IT automation has resurfaced as an area of significant business opportunity, especially with increased complexity and the widespread adoption of cloud, big data, and virtualization technologies," said Saïd Ziouani, CEO and cofounder of Ansible. "Ansible is the obvious solution to these automation challenges. This investment will help us accelerate the expansion of our product base and support operations to meet market demand. Our goal remains to continue being the simplest, most secure, IT orchestration and application deployment engine available."
Last month, Ansible announced its first commercial enterprise product, AWX. AWX adds many advanced features to the automation solution, including RoleBased Access Control, centralized logging, a finegrained REST API, and a modern teamoriented web interface. AWX is for IT operations teams and also for those with applications seeking to embed a highly capable orchestration engine.
Ansible is the company behind the radically simple IT orchestration solution. Ansible provides an enterprise-ready orchestration platform for IT organizations around an Open Source platform. Working with our Open Source community and partner ecosystem, Ansible will incorporate key technologies and spearhead community and customerdriven innovations alike. Our mission is to enable businesses to easily and securely manage largescale computing infrastructures onpremise and in the cloud.
About Menlo Ventures
Menlo Ventures provides capital for seed through growth technology companies in the consumer and enterprise sectors. For decades, the firm's marketdriven research analysis has led to the identification of and successful exits in innovative technology markets. Notable research areas of investment include Mobile (Siri, Uber, TeleNav), Enterprise Storage (3PAR, Spinnaker Networks, Coraid), Communications (Acme Packet, Cavium Networks), and Consumer (Fab, Tumblr, Carbonite, Roku). Founded in 1976, Menlo's portfolio includes 70 public companies and more than 100 mergers and acquisitions. Throughout the firm's history, Menlo's deep network of portfolio entrepreneurs, angels and advisors are a key resource made available to all of our family of investments. Menlo Ventures has $4 billion under management and is currently investing Menlo Ventures XI, a $400 million fund with $20 million allocated to our Menlo Talent Fund for fast seed funding. For more information, visit www.menlovc.com.