Standard Library, a platform owned by Polybit Inc., is attracting investors. Polybit has secured another round of seed funding to the tune of $2 million. The investment will enable StdLib to connect executive operations of enterprises through the first FaaS (Function as a Service) platform-based library.
The StdLib platform has the ability to abstract infrastructure using serverless architecture. This gives flexibility to developers to write any type of application, function, or business logic and deploy it easily.
Keith Horwood, founder and CEO of Polybit and the brains behind StdLib, said unlike Google and Facebook, companies that connect information and people respectively, StdLib connects executive functions in enterprises, business decisions, and digital economy.
Technically speaking, building APIs or developing web services are a challenge and there is a possibility of things going wrong during the product journey of creating web services. However, StdLib eases this process and web services can be easily created, configured, and deployed.
Horwood built StdLib on his own through self-learning and shot to fame when he altered the title on the website of his alma mater via software exploit. Even though he has a degree in biochemistry from the University of Western Ontario, he began channeling his energy and focus on software. The results were immediate as he landed various leadership roles at technology companies in San Francisco. At a hackathon in 2016, he met his cofounder, Jacob Lee, a computer science graduate from Princeton.
Horwood demonstrated the potential of software in the form of StdLib to Lee during his tenure at Google. Immediately, Lee signed on to the venture because he knew it could completely change the dynamics of software development.
After the first round of funding that propelled the product in the market, the latest round of seed funding was led by Blue Yard Capital, a VC firm based in Berlin. The investment in StdLib was fronted by Chad Fowler, creator of RubyGems and former CTO of Wunderlist.
Some of the other investors who participated in the round were engineering team members of Heroku (during initial days), Liquid 2 Ventures, Aston Motes, Michael Debrowski, founder of Synthego, and Nordic Makers Venture Group.
Anirudh M. for TechFunnel.com