We’re excited to announce that we’ve closed a $20M C Round with NEA and other previous investors, including Core Capital, bringing our total funding to $34M. In addition, we’re consolidating our branding and our company now will be known as Fugue—that’s the name of the cloud operating system we’re developing.
The rapid adoption of cloud computing brings new challenges as applications have become distributed and infrastructure has proliferated. Fugue reins in this complexity and simplifies operations by building, enforcing, and optimizing cloud infrastructure, continuously and automatically. Fugue can be used to operate cloud-native workloads and to migrate and run traditional data center applications in the cloud. It will initially operate workloads on Amazon Web Services. Read more about why we’re developing Fugue.
Until now enterprises have realized only a fraction of the cloud’s benefits, because increasing adoption has meant greater complexity. To unleash the power of the cloud, management must be simple, automated, and provide a high level of control. Fugue’s radically new approach to managing cloud infrastructure is the missing piece that will redefine the value proposition for businesses and spur the next wave of cloud adoption.
Harry Weller, General Partner at NEA
As their first institutional investor, it’s been remarkable watching them build out a world class team and pursue a bold vision for the cloud. We’re seeing an increasing demand for cloud-native solutions to today’s IT challenges, and Fugue is uniquely positioned to help customers realize the promise of the cloud.
Pascal Luck, Managing Director at Core Capital
We view the cloud as a giant distributed computer, and Fugue is an operating system for the cloud that we’re building from first principles. The significant support we enjoy from NEA, Core Capital, and our other investors is what makes it possible for us to assemble the incredible team needed to tackle hard problems in distributed computing and empower customers to take control, move fast, and save money in the cloud.
Josh Stella, Founder and CEO of Fugue
You can view the official press release here.
Those interested in participating in the Fugue beta can register at www.fugue.co or send an email to firstname.lastname@example.org. Fugue is hiring experts in language design, distributed computing, and cloud infrastructure to expand its global team.