Engine Yard Closes $19 Million Series C Financing Round
Additional Funding to Accelerate Penetration of Ruby on Rails into the Enterprise
SAN FRANCISCO, Oct. 8 /PRNewswire/ -- Engine Yard, the leader in Ruby on Rails automation and management technologies, today announced that it has secured $19 million in its third round of venture capital funding, bringing its total funding to date to more than $37 million. The Series C round includes new investors DAG Ventures, Bay Partners, and Presidio Ventures (a Sumitomo Corporation venture investment company). Previous investors Benchmark Capital, Amazon.com, and New Enterprise Associates also participated in the latest financing round.
"Lightweight development frameworks have attracted an entire generation of developers looking for faster, more intuitive development platforms," said Nick Pianim, Managing Director at DAG Ventures. "Engine Yard has become an important center of gravity for development teams and companies creating serious applications with Ruby on Rails, and we are excited to have the opportunity to invest in their leadership bringing those technologies to market."
In just a few years, Ruby on Rails has become a leading choice for rapid development among web developers, with as many as half a million Ruby developers worldwide and successes like twitter.com and yellowpages.com taking advantage of its speed of development. The mission of Engine Yard is to give developers and development teams the automation technologies and services necessary to reliably develop, deploy, and manage Ruby on Rails applications at any scale, allowing developers to focus on building great user experiences. Hundreds of customers already use Engine Yard Cloud, a fully monitored, self-healing application services platform for Ruby on Rails applications.
"Engine Yard has made a number of important moves over the last 12 months to become a dominant platform for cloud computing," said Peter Fenton, General Partner at Benchmark Capital. "Its leadership, particularly with open source projects like JRuby and Rubinius, is bringing new levels of automation, scale and reliability to Ruby developers all over the world, and is pushing the Ruby on Rails ecosystem even further into the enterprise."
With this latest capital investment, Engine Yard will continue to build out the Engine Yard Cloud to meet enterprise requirements, build support offerings for JRuby development teams, and continue to invest in the open source projects that are bringing new levels of productivity to developers worldwide.
"We are excited to have our new venture capital partners sign on to the Engine Yard mission to create the leading Application Cloud for Ruby on Rails," said John Dillon, CEO of Engine Yard. "Ruby on Rails continues to drive a revolution in application development. In partnership with infrastructure providers, our goal is to continue to build out the platform and services that combine to make Ruby on Rails the obvious choice for any developer who wants to build a reliable, high performance application at any scale."
About Engine Yard
Engine Yard provides automation technologies and services for Ruby on Rails, including Engine Yard Cloud, an application services platform for web developers and web teams. It provides easy-to-use, automated Rails application deployment and management, with a design philosophy that allows easy migration of existing applications. Engine Yard employs top industry experts and sponsors or contributes to many Open Source projects and efforts such as Ruby on Rails (www.rubyonrails.org), JRuby (www.jruby.org) and Rubinius (www.rubini.us). Headquartered in San Francisco, Calif., Engine Yard is backed by Benchmark Capital, New Enterprise Associates, and Amazon.com. Visit www.engineyard.com.
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