Rancher Labs has announced its raising of a $20 million Series B round. The new round is led by GRC SinoGreen, a Chinese private equity and venture capital fund. There is also participation from Nexus Venture Partners and Mayfield. This brings the total funding up to $30 million. It is the company’s plan to make use of the new funding to increase sales and marketing capabilities.
According to Rancher Labs CEO Sheng Liang, “containerization has enabled organizations to do amazing things to improve application performance, availability, and cost. The next piece of this puzzle, which will really help to perfect container technologies, are the tools around the management of containers. We are excited to continue efforts in furthering our goal of providing users with the right tools to take advantage of container technologies, and the financial and organizational benefits they promise.”
