RackN Closes Additional Seed-Stage Funding From SK Ventures, Announces Early Availability Of RackN Enterprise SaaS

RackN, a self-service software platform for composing and automating multi-cloud and hybrid infrastructure lifecycle management, has announced SK Ventures as an investor and early availability of a SaaS-based composable operations platform for hybrid infrastructures.

With dozens of companies in its investment portfolio, SK Ventures has joined EVO Venture Partners, Juniper Networks and other prominent investors in helping RackN deliver on its vision in reducing the pain and cost of operating hybrid infrastructure. The additional funding will allow RackN to deliver on customer roadmap items and expand its market awareness.

cloud hosting“Over the last year we’ve been able to get to know the RackN team extremely well,” said Eric Norlin, General Partner at SK Ventures. “Their vision in how platform, microservice and operational mobility can be achieved across the datacenter and cloud is incredibly disruptive and an accelerant to cutting-edge technology used in production.”

“As an early-stage company, raising incremental seed capital is about our on-going search to find strong investment partners” said Rob Hirschfeld, CEO and Co-Founder of RackN “With SK Ventures joining us, we gain a tremendous amount of experience in the industry and knowledge on how to take a company to the next level. We are excited to be part of the SK Ventures family.”

RackN is also announcing though limited availability of a SaaS-based version of RackN Enterprise. From the platform, interested users will have the opportunity to self-service evaluate platforms like OpenStack, Kubernetes and OpenContrail SDN.

“For security reasons, our customers want to run RackN Enterprise internally and we will continue to help them with that,” said Dan Choquette, COO and Co-Founder of RackN. “For our customers who are developing or implementing their hybrid cloud and infrastructure strategy and chose to leverage OpenStack, Kubernetes and OpenContrail on Google and AWS, we want to provide them with a SaaS-based painless experience.”