Welcome!

Ruby-On-Rails Authors: Liz McMillan, Pat Romanski, Elizabeth White, Hovhannes Avoyan, Yeshim Deniz

News Feed Item

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.

SOURCE Engine Yard

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
When Enterprises started adopting Hadoop-based Big Data environments over the last ten years, they were mainly on-premise deployments. Organizations would spin up and manage large Hadoop clusters, where they would funnel exabytes or petabytes of unstructured data.However, over the last few years the economics of maintaining this enormous infrastructure compared with the elastic scalability of viable cloud options has changed this equation. The growth of cloud storage, cloud-managed big data e...
Your applications have evolved, your computing needs are changing, and your servers have become more and more dense. But your data center hasn't changed so you can't get the benefits of cheaper, better, smaller, faster... until now. Colovore is Silicon Valley's premier provider of high-density colocation solutions that are a perfect fit for companies operating modern, high-performance hardware. No other Bay Area colo provider can match our density, operating efficiency, and ease of scalability.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
ScaleMP is the leader in virtualization for in-memory high-end computing, providing higher performance and lower total cost of ownership as compared with traditional shared-memory systems. The company's innovative Versatile SMP (vSMP) architecture aggregates multiple x86 systems into a single virtual x86 system, delivering an industry-standard, high-end shared-memory computer. Using software to replace custom hardware and components, ScaleMP offers a new, revolutionary computing paradigm. vSMP F...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
CloudEXPO has been the M&A capital for Cloud companies for more than a decade with memorable acquisition news stories which came out of CloudEXPO expo floor. DevOpsSUMMIT New York faculty member Greg Bledsoe shared his views on IBM's Red Hat acquisition live from NASDAQ floor. Acquisition news was announced during CloudEXPO New York which took place November 12-13, 2019 in New York City.