Nginx Raises $10M to Extend Commercial Support
The funding will be used to expand nginx’s core engineering team in Moscow, and extend its support offerings for its commercial customers.
Web server developer nginx announced on Tuesday that it has raised a $10 million Series B round of funding led by New Enterprise Associates.
The funding will be used to expand nginx’s core engineering team in Moscow, and extend its support offerings for its commercial customers, according to a report by TechCrunch.
The investment comes two years after nginx received a $3 million Series A round, and a couple of months after it launched its first commercial product, nginx Plus – a fully-supported version of its open source software that includes app health checks, dynamic management and load balancing capabilities.
Since launching the commercial version in August, nginx has signed up over 100 paying customers to the service, many of whom use nginx to power their websites and their APIs, according to the report. Nginx Plus is available on a subscription basis starting at $1,350 per year.
Nginx CEO Gus Robertson, who joined the company in April, expects to grow his team from 15 employees today to 50 employees by 2014.
The funding round also includes full participation by its existing investors, e.ventures, Runa Capital, MSD Capital, as well as Aaron Levie, CEO and founder of Box. Runa Capital has invested in several other companies in the hosting market, including Jelastic and BackupAgent.
In the most recent Netcraft Web Server survey, Nginx gained 11M hostnames, translating to a market share of 15 percent.