Nginx Inc. Raises $10M in Series B Round
Investment to fuel continued growth of popular web server software and professional services portfolio
Nginx Inc., the high performance Web company, today announced it has secured $10 million in a fully subscribed Series B round of funding. The round was led by venture capital firm New Enterprise Associates (NEA) and included full participation of existing Series A investors e.ventures, Runa Capital, MSD Capital, as well as participation from Aaron Levie, CEO and founder of Box. With this funding, Nginx has raised $13 million to date. The funding announcement comes on the heels of the launch of NGINX Plus, the first subscription-based version of the popular NGINX open source software, complete with advanced features and professional services.
The evolving nature of the Web, including the growth of mobile and the explosion of dynamic content, places extraordinary demands on applications to handle the increased traffic and performance expectations of users.
“Almost every commercial website and web application in the world is experiencing the impact of managing traffic from mobile devices. In addition, many are also using API’s to integrate with both internal and external applications which amplifies the traffic burden. Nginx’s speed and efficient use of resources has established our technology as the default content delivery and acceleration tool for over 120 million sites around the world, and has made us the most popular web server for the top one thousand busiest websites,” said Igor Sysoev, author and CTO of Nginx, Inc.
In August, Nginx Inc announced the availability of NGINX Plus, a fully-supported version of the popular NGINX open source software.
“Since the launch of NGINX Plus we have seen an amazing level of interest from customers wanting to deploy our subscription offering. We already have over 100 customers using NGINX Plus today and many are also engaging our professional services to assist them with architecting and tuning their applications,” said Gus Robertson, CEO of Nginx Inc. “It’s very gratifying to have such a prestigious firm such as NEA lead our round and to have the continued support from our existing investors.”
This round of investment will allow Nginx to increase development efforts for both the community and commercial version of NGINX and also further build out their global sales, services and support organization to handle the increasing customer demand. Company executives anticipate growing headcount from 15 employees today to 50 in 2014.
“Nginx is leading the Internet’s shift towards high-performance cloud computing, rich media websites, and mobile devices,” said Peter Sonsini, General Partner at NEA. “It has become the crucial platform for powering modern SaaS applications and websites at any scale. We’re thrilled to join Gus and the team to expand Nginx’s leadership in this fast-growing field.”
Advanced Features of NGINX Plus Include:
- Application Health Checking
- Commercial-Grade Activity Monitoring
- Advanced Load Balancing
- Dynamic On-The-Fly Reconfiguration
- Extended Logging Capabilities
- High Availability Setup
- Adaptive Media Streaming
Services Available With NGINX Plus Include:
- Configuration and Tuning
- Performance Optimization
- Technical Account Management
According to the October 2013 Netcraft survey, NGINX is now used by 16% of all Web sites, is the most popular Web server software among the top 1,000 busiest sites in the world, and is used by companies including Facebook, Netflix, WordPress.com, Box, Instagram, GitHub, Zappos, and more.
Nginx Inc. was launched in 2011 with a $3 million Series A round and is headquartered in San Francisco. The open source NGINX project began in 2002 and went public in 2004.
To purchase the latest version of NGINX Plus, please visit: http://nginx.com/products/
To connect with Nginx, follow us on Twitter: https://twitter.com/nginxorg
To explore job openings at Nginx, please visit: http://nginx.com/careers/
About Nginx Inc.
Nginx Inc., the high performance web company, provides products, solutions and services for its renowned open source software, NGINX. Run by the busiest websites on the Internet, NGINX enables companies to match increasing demand for faster web experiences at scale.
Today NGINX serves over 120 million sites on the Internet. Successful online services such as Netflix, Dropbox, Pinterest, Airbnb, WordPress.com, Box, Instagram, GitHub, SoundCloud, Zappos, and Yandex, use NGINX as part of their infrastructure. For more information about NGINX, please visit nginx.com.
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. With more than $13 billion in committed capital, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record includes more than 175 portfolio company IPOs and more than 300 acquisitions. In the U.S., NEA has offices in the Washington, D.C. metropolitan area; Menlo Park, California; and New York City. In addition, New Enterprise Associates (India) Pvt. Ltd. has offices in Bangalore and Mumbai, India and New Enterprise Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For additional information, visit www.nea.com.