Rafay Systems Raises $25 million Series B to Move Business at the Speed of Software
We are thrilled to welcome Leo Casusol and Forgepoint Capital to the Rafay Systems team. Moment Ventures first partnered with Haseeb Budhani and Hemanth Kavuluru at Soha Systems and I was delighted to make the first commitment to Rafay’s seed round. The need to build and manage the lifecycle of modern applications has never been greater and Rafay’s early bet on Kubernetes and containers as the infrastructure for these applications could not have been more right. The company has incredible momentum with customers and partners — the excitement isn’t stopping anytime soon — and the Series B capital will be used to fuel the engine into overdrive!
Given the startling pace of innovation today, I sometimes feel disoriented as if my experience was something from a piece of fiction. William Gibson’s quote about the future seems very much to approximate my reality — “the future is already here, it’s just not very evenly distributed.” (BTW, Gibson has a knack for interesting ideas, his first book, Neuromancer, is over 30 years old but still feels fresh.)
At Moment, we are big believers that this wave of innovation is fundamentally changing the world and the way it works. One of the themes that runs through our entire portfolio is “business at the speed of software” by which we mean that the clock cycle of every industry is transitioning from one that is based on the interaction of all its assets — physical, digital, human — to one dominated by the ability to harness digital technologies to drive value. Fundamental to that is the growth of modern software applications in all aspects of business. From this report by Gartner, it is clear that this is happening at a rapidly accelerating pace. The team at Rafay Systems is poised to benefit from this fundamental market transition.
