SOURCE: Pantheon

Pantheon

July 20, 2016 07:30 ET

Pantheon Announces $29M in Funding and New Team Additions as Momentum Soars

Series C Funding to Fuel Further Expansion as Company Continues Its Reinvention of Web Hosting Space

SAN FRANCISCO, CA--(Marketwired - July 20, 2016) - Pantheon, the leading website management platform, today announced Series C funding of $29 million, as well as new additions to its team, amid strong customer and partner momentum. The funding from Foundry Group, Industry Ventures, OpenView Investment Partners, and Scale Venture Partners, following a $21.5 million Series B round in 2014, will fuel the company's continued reinvention of the web hosting space and expansion of its website management platform.

"Pantheon is leading the revolution in web hosting," said Pantheon CEO and co-founder Zack Rosen. "This new funding and the explosion of our partner ecosystem demonstrates confidence in our approach and the market's adoption of our platform. Pantheon takes the heavy lifting out of building, launching, and managing websites for digital agencies and corporate web developers. Our website management platform provides the development tools and scalable infrastructure teams need to build amazing web experiences, launch faster, and maximize their efficiency."

Traditional web hosting forces web development teams to squander resources on systems administration and infrastructure management. Pantheon's platform includes workflow and collaboration tools, continuous integration, performance monitoring, and scaling tools from the get go.

Key to Pantheon's incumbent-disrupting success is the super-efficiency of its container-based website management platform. With 1.2 million containers in production, Pantheon boasts the world's fastest hosting for Drupal and WordPress. Today's funding announcement brings the total amount Pantheon has raised so far to $57 million, which the company will use to reach its goal of powering 30 percent of the web.

Among other indicators of momentum in 2016, Pantheon has:

  • Surpassed 150,000 website launches to date (up from 65,000 in 2014)
  • Racked up year-over-year customer growth of over 100 percent
  • Released key products, including the New Relic web application performance monitoring tool, Cloud Integration Tools Suite, and Migration Tool Kit
  • Teamed up with 2,500 agency partners and 50 reseller partners

Recent Additions to Team

Pantheon also recently appointed a new board member and hired a new vice president of engineering.

The company appointed to its board Chris Moody, a pioneer in the social data industry who is vice president of data strategy at Twitter and former CEO of social data provider Gnip. At Twitter, Moody is responsible for ensuring the value of Twitter's data is realized across the entire ecosystem of developers, partners, and customers. Moody has also worked closely with Tumblr, Foursquare, WordPress, Disqus, and more to formulate and execute their data strategies.

In March, Niall Hayes joined Pantheon as Vice President of Engineering. Hayes is a veteran technology executive with over 20 years' experience running technology, product and operations organizations. Most recently, he led technology at KIXEYE Inc. as CTO, delivering popular massively multiplayer online real-time strategy (MMORTS) web and mobile titles and building world-class analytics systems. Before KIXEYE, Hayes ran the CityVille studio at Zynga Inc. handling scale to 100MAU. Before Zynga, Hayes spent 12 years at Electronic Arts, Inc.

About Pantheon
Pantheon puts the power of the Internet in the hands of developers and DevOps teams, delivering rock solid hosting along with the most complete platform for professional website creation. We've built the world's best website management platform-one that gives web teams all of the developer tools, hosting, scaling, performance, workflow, and automation they need to build high performance websites. Pantheon powers 150,000 websites, serving billions of pageviews per month.

For more information, visit www.pantheon.io.

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