Robin.io announces the closing of a $38 million Series C investment in an oversubscribed round. The latest funding round led by Rakuten Capital increases Robin.io’s total capital to $86 million.
Oskar Mielczarek de la Miel, who serves the role of a managing partner at Rakuten Capital, had this to say:
Robin.io has proven to be an outstanding technology partner to Rakuten Mobile, which established the world’s first cloud-native 5G network running on the Robin Cloud Native Platform. We are excited to extend our partnership with Robin.io on its clear path of expansion and to work together to bring cloud-native 5G to mobile operators around the world that are venturing into the next generation of mobile infrastructure.
Clear Ventures, Emory University, Raine Next-Gen Communications, and existing investors also took part in the funding round.
FUNDING NEWS: We're taking our leadership in #Kubernetes -based, #cloudnative #5G to a new level with a $38M Series C round led by @Rakuten Capital and joined by @ClearVentures, @EmoryUniversity, RAIN Next-Gen Communications and current investors. https://t.co/V4j2YgDOCd
— Robin.io (@Robin4K8S) June 16, 2021
Robin.io is the leader in Kubernetes-based cloud-native 5G, edge, and enterprise application management. It offers three critical solutions, Robin Cloud-Native Platform (Robin CNP), Robin MDCAP (Robin Multi Data Center Automation Platform), and Robin Cloud-Native Storage (Robin CNS), primarily focusing on two markets.
Robin CNP is an open Kubernetes platform that hosts complex enterprise applications, such as RAN, Core, MEC, and data-intensive apps. Robin MDCAP automates thousands of operations with a single API request, including 5G deployment healing and scaling, RAN-as-a-Service, Core-as-a-Service, BareMetal-as-a-Service, and a MOPs Manager. In addition, Robin CNS provides enterprise-grade, application-aware storage data management for any Kubernetes cluster running on any cloud.
Partha Seetala, who serves the role as a founder and CEO at Robin.io, had this to say:
The accelerating adoption of Kubernetes and cloud-native technologies, as well as the accelerating pace of global 5G and edge rollouts, has provided the backdrop for Robin’s competitive success in the past year. Armed with strong market awareness, a broad choice of deployment options, and proven successes in massive-scale production environments, Robin.io is well poised for the next phase of market expansion and will continue to invest in product leadership and hire talent across sales, engineering, and tech support functions. This Series C round is perfectly timed to support these goals.
Robin.io has achieved remarkable growth; it has surpassed 400% quarter-over-quarter if we compare the first two quarters of the current fiscal year. Furthermore, this number rises to 681% if we compare the current quarter to the same quarter last year, which are remarkable indicators. It’s the main reason that initiated the latest major backing for the company, but it’s not all there is.
The company has signed 32 new partnerships during the past year. They have won the Futurenet World award for best Automation Solution in Telco and were recognized as a leader and outperformer in GigaOm Radar reports for Kubernetes storage and Kubernetes data protection.
Robin.io has expanded its offer to 72 patents, launched several services, and grew its team across four countries by 57% during the past year. Most remarkable of all, Robin.io has achieved this in the middle of the global COVID-19 pandemic.