Stripes leads Spectro Cloud's $40 million Series B
Spectro Cloud, a Santa Clara, California-based provider of a Kubernetes management platform, announced on March 23, 2022 the close of a $40 million Series B round led by Stripes. Sierra Ventures, Boldstart Ventures, WestWave Capital, T-Mobile Ventures and Alter Venture Partners, all investors in the company's $20 million Series A in July 2021, also took part, and TSG joined the round.
Spectro Cloud's Palette platform provides full-stack lifecycle management for Kubernetes clusters across virtualized and bare metal data centers, public clouds and edge locations. Stripes founder and Partner Ken Fox said Stripes had also led the Series A the previous summer and pointed to the company's traction with large, blue-chip customers. Spectro Cloud said the new capital would fund product development and an international go-to-market expansion. Stripes lists Spectro Cloud as a current portfolio company.
Spectro Cloud, "Spectro Cloud closes $40M series B round", March 23, 2022
