A small number of private investors contributed to the round of fundraising, some of whom had previously participated in Convesio’s crowdfunding round in 2019, which raised over $1 million from over 800 individual investors.
Convesio’s achievements over the previous two years have verified the platform’s capabilities, and the prospects given by a developing market where most of the competition still offers complex and costly solutions based on outdated technology prompted the decision to invest further.
Troy Chollar, who serves the role of President at TLC Creative Services, had the following to say:
TLC Creative Services specializes in helping large enterprises with in-person and virtual events. Our virtual events business expanded rapidly, offering a customizable online meeting platform solution for corporate clients. On the hosting technology side, we tried many solutions before finding Convesio, including hosting our own servers on Amazon Web Services. These solutions promised scaling and performance, but we could not get any to deliver without significantly more overhead, complexity and costs. Convesio’s technology has completely streamlined our process for hosting flawless virtual events with thousands of attendees, and their team of experts is on standby for real-time support during our live events, making everything run smoothly.
Convesio’s original goal, to make enterprise-grade WordPress hosting available to everyone, was fulfilled last year with the release of the platform’s third iteration, which represented the conclusion of almost three years of R&D.
Convesio is the exclusive provider of productized scaling for WordPress hosting. Anyone may set up a highly scalable WordPress website in minutes rather than the hours or days that a regular VPS setup takes.
Customers may arrange auto-scaling by specifying the minimum and the maximum number of containers for their website to run on, thanks to its Docker-based architecture and easy-to-use dashboard. Convesio will automatically install and delete more ones according to the resources required, with a load balancer distributing traffic evenly among them.
Better yet, advanced users can establish custom threshold values that trigger scaling events as an option. These are based on various CPU, Memory, and PHP Worker utilization combinations.
Convesio announced $5 million funding
? https://t.co/8JruhQYwkZ #cloudcomputing #hosting #datacenter #technology #technews #business #WordPress #WooCommerce #business #development @convesio pic.twitter.com/q5O9cSWn62— Cloud7 (@cloud7news) February 7, 2022
Hosting providers claim to be faster than everyone else as the business becomes increasingly focused on page load speed. However, most published tests and reviews ignore a critical variable: load. When hundreds or thousands of people are accessing and transacting on a website simultaneously, the results are drastically different.
was built to provide a consistently fast experience regardless of load, and it addresses the following business-critical difficulties of scaling WordPress: eCommerce, eLearning, Virtual events, Online publications, Scale-ups, and larger businesses.Convesio’s enterprise-grade availability and scalability “with the touch of a button” eliminates the need for sophisticated and expensive solutions.
Its genuine elastic scaling capabilities are substantially less expensive than that of its direct competitors—enterprise WordPress hosting or Big Cloud providers like
and —who provide solutions that cost tens of thousands of dollars to set up, administer, and maintain.Furthermore, consumers only pay for additional resources when they are required, saving them money.
The container-based WordPress hosting platform from Convesio is an example of the type of innovation that is helping the WordPress economy thrive in an increasingly competitive industry.
Convesio equips growing businesses with the same firepower as competitors many times their size by overcoming WordPress scaling difficulties, a result that is strongly linked with WordPress’s own objective to democratize publishing. Convesio will be able to speed development and growth thanks to the $5 million investment, as well as provide more resources and tools to its customers to help them achieve the same.
