WebOps platform for Drupal and WordPress, running more than 285,000 sites in the cloud and serving over 10 billion page views a month, Pantheon, announced the completion of its Series D fundraising round.
Pantheon raised $40 Million in its Series D fundraising round. The round was led by Sageview Capital and witnessed participation from existing investors Foundry Group, Scale Venture Partners, and Industry Ventures. This comes after a $29 million Series C and a $21.5 million series B round, bringing Pantheon’s total capital raised to over $100 million.
With this investment, Ned Gilhuly, Co-Founder and Managing Partner of Sageview Capital, will join the Pantheon Board of Directors. Pantheon will use the capital infusion to expand sales, marketing, and product teams to facilitate more of the world’s leading companies to more effectively deliver digital experiences that drive results.
As DevOps continues to revolutionize software development, WebOps is impacting web teams in the same way. Key enterprise players like Google Cloud, SendGrid, Tableau, and others currently rely on Pantheon to deliver seamless, WebOps-driven experiences their customers demand. There are currently over 10,000 Pantheon customers with developer sign-ups totaling more than 50,000 each year.
“Our customers have demonstrated that the ability to iterate faster leads to achieving their business results faster. To help them iterate faster, we’re laser-focused on managing uptime, security, scaling, performance, and on automating development workflows that often prevent web teams from focusing on innovation and creating value,” said Zack Rosen, CEO & Co-Founder of Pantheon. “Agile marketing has quickly become fundamental to many of the world’s largest companies and Pantheon is proud to be at the center of this historic shift … This investment will help us continue to expand our customer base and set the new market standard for WebOps.”
“Pantheon is quickly becoming the go-to WebOps platform for forward-thinking web development teams and agile marketers who are seeking to deliver the world’s best web experiences on Drupal and WordPress,” said Gilhuly. “Sageview provides growth capital to leading companies with a demonstrated track record of success and compelling market opportunity. Pantheon is a very exciting addition to the Sageview portfolio, and we look forward to providing Zack and his team with financial and operational support to enhance the company’s market-leading position and impressive growth trajectory.”