KO Client Fermyon Raises $20 Million Series A Round
- KO Firm
- October 26, 2022
KO client Fermyon recently announced that it has raised $20 million in Series A funding. Fermyon is pioneering the next wave of cloud computing with the first cloud-native WebAssembly platform as a service (PaaS) that lets developers build better microservices faster.
The funding will be used to productize Fermyon and to continue to invest in serving the developer community. Insight Partners led the round with participation from previous investors Amplify Partners, Tyler McMullen (CTO of Fastly), Grant Miller (CEO of Replicated) and Marc Campbell (CTO at Replicated) and new investors.
In the press release, Michael Yamnitsky, Managing Director at Insight Partners, says, “Like Docker did years ago with containers, we believe Fermyon will radically simplify software delivery with WebAssembly. We couldn’t be more excited to partner with them as they pioneer the next wave of cloud computing.”