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Agile Stacks Completes Initial Funding Round Led by Canaan Partners

Agile Stacks will use the financing to build the technology and solution partner ecosystem around its new Agile Stacks DevOps automation service, which reinvents how enterprises implement clouds

San Mateo, CA – December 14, 2017 – Agile Stacks today announced that it has raised $2.6 million in seed funding led by Canaan Partners. The announcement comes as the company debuts its Agile Stacks DevOps automation service, which is reinventing how enterprises implement clouds by delivering the agility, scalability and reliability required for today’s digital businesses.

The cloud has emerged as the primary platform for enterprises’ digital businesses. However, until now, organizations have had to choose between a custom-built cloud that maximizes flexibility in using best-of-breed tools—at a considerable cost in time and resources—or an all-in-one solution limited to a platform-as-a-service (PaaS) vendor’s designated tools. Enterprises no longer need to compromise with Agile Stacks, which offers a DevOps-first architecture out of the box that empowers these companies to deploy full-function DevOps cloud stacks using their tools of choice within minutes. (For details, see today’s product press release.)

“For years there has been a gap in the market for an all-in-one solution that simplifies the move to the cloud while giving companies the flexibility to choose the tools they need. Agile Stacks fills that gap with a powerful solution built by cloud experts from some of the world’s leading technology firms,” said Maha Ibrahim, general partner at Canaan and a member of the Agile Stacks board. “We are excited to back the talented team at Agile Stacks and support their ground-breaking innovations in automated cloud stack deployments.”

Agile Stacks will use the financing to build the technology and solution partner ecosystem around its new Agile Stacks DevOps automation service, and to extend the capabilities of its underlying platform.

“In today’s digital economy, enterprises need to adapt and innovate quickly or risk becoming irrelevant. These businesses can’t afford spending up to 24 months implementing the cloud infrastructure that will power their solutions, and with our Agile Stacks DevOps automation service, they no longer need to,” said John Mathon, Agile Stacks co-founder and CEO. “We are thrilled to tap into the extensive industry knowledge and connections that Canaan brings as we work with customers and partners to extend the ecosystem around our service.”

About Agile Stacks

Agile Stacks is reinventing how enterprises implement clouds with its Agile Stacks DevOps automation service. For the first time, organizations have a DevOps-first architecture out of the box that empowers them to deploy full-function DevOps cloud stacks using their tools of choice within minutes. Incorporating a range of popular, best-of-breed open source products that are pre-tested, integrated and work together from the instant they are deployed, the stacks support the predictable performance, agility, scalability and reliability required for today’s digital businesses. Founded in 2016, Agile Stacks is headquartered in San Mateo, CA, and it is backed by venture capital firm Canaan Partners. For more information, visit Agile Stacks at https://www.agilestacks.com.

About Canaan Partners

Canaan is an early stage venture capital firm that invests in entrepreneurs with visionary ideas. With $5B under management, a diversified fund and over 190 exits to date, Canaan has invested in some of the world's leading technology and healthcare companies over the past 30 years. Canaan’s focus areas include fintech, enterprise/cloud, marketplaces, frontier tech, biopharma, digital health and medtech. To learn more about our people and our portfolio, please visit www.canaan.com.

 

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