Mesosphere, a digital transformation company, has received $125m in its Series D funding round to support the development of its cloud solutions.
T. Rowe Price Associates, and Koch Disruptive Technologies co-led the investment. Commitments to the round also came from ZWC Ventures, Qatar Investment Authority and Disruptive Technology Advisers.
Existing backers Andreessen Horowitz, Two Sigma Ventures, Khosla Ventures, and Hewlett Packard Enterprise also participated in the series.
Mesosphere automates various workflow operations to support the digitalisation of an enterprise. The platform helps to simplify administration tasks, improve digital security, create cloud computing systems, access fast and resilient data, and accelerate digital development.
Its products are used by financial services, healthcare, automotive, tourism and hospitality businesses. Financial services can use the data-driven platform to build deeper insights to cybersecurity and fraud detection. It can also help global banks to launch new services and adopt new technologies.
Mesosphere has almost tripled its revenue year-on-year, according to the company. The company is currently used by over 125 businesses including Tommy Hilfiger, Royal Caribbean, Deutsche Telekom, and NBCUniversal leverages DC/OS.
This investment brings the company’s total funding efforts to over $250m since its foundation in 2013.
Mesosphere COO William Freiberg said, “We’re thrilled to partner with a diverse group of investors that validate our market leadership and traction while positioning us for continued global expansion. T. Rowe Price, KDT and DTA share our vision for building a category-defining company and product are joining forces with ZWC and QIA, who will extend our global footprint, fuelling expansion in APAC and the Middle East.”
This is the second high-value deal into a FinTech company led by T. Rowe Price Associates, having recently supported the $100m Series C of Checkr. The company provides a compliant background check solution to help businesses to meet compliance and lower fraud.
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