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Santa Clara, California-based closed a $40 million Series B led by , as the company looks to help companies build on the open-source platform.

The round also included participation from , ,, , (TSG) and . Founded in 2019, Spectro has now raised a total of $67.5 million.

Kubernetes has been popular with investors for a while. Many see potential in the platform as the use of containers in building applications has grown through the years, and Kubernetes has become the dominant way to deploy and manage those containers. The open-source platform for automating deployment and management of containerized applications was developed out of more than seven years ago.

A growing number of companies offer services on top of Kubernetes. In Spectro鈥檚 case, it offers a management platform for enterprises that helps companies handle any type of cluster across any cloud environment.

鈥淲hat got us excited … is the whole trend to manage Kubernetes across the enterprise and scale it,鈥� said , operating partner at Stripes. 鈥淭here is a window of opportunity now鈥攅nterprises are adopting Kubernetes.鈥�

Time to grow

, Spectro co-founder and CEO, said the round came together quickly as the company just started to raise money last month. The new proceeds will be used to grow its 80-person staff to about 120 by the end of the year, increase sales and expand internationally. The company expects to grow by about 4x this year, he added.

While there are other orchestration platforms to help manage Kubernetes鈥攕uch as聽, which was bought for a reported $600 million in 2020 by 鈥擣u said Spectro鈥檚 solution is easy for enterprises to deploy and scale.

That has become important because it is not just large tech companies building with Kubernetes anymore, he said. While the company works with usual suspects like tech and telecommunications companies, Fu said even companies in sectors like retail and restaurants are using Kubernetes.

This is not Fu鈥檚 first run as a founder. More than a decade ago he helped found , which helped developers deploy and manage workloads on any public or private cloud, and was bought by for $260 million in 2016.

Fu said he is not concerned about an exit of any sort right now.

鈥淚 think there will be a lot of interest out there, but we are just focused on execution,鈥� he said.

His investors, however, see big potential.

鈥淭his could be a large company,鈥� Melchiorre said. 鈥淓ventually, a few years down the road, I could even see talking about an IPO.鈥�

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