UK-based Civo, the first pure-play cloud native service provider, enabling tech companies to host core applications with ease. Today, it announced that that THG Ingenuity, the technology Division of THG, has invested £1.4 million to take a minority stake in the company.
THG Ingenuity’s first investment
This is THG Ingenuity’s first strategic investment since its debut in May 2021 when Softbank Group had invested $730 million in THG with an option for a further $1.6 billion investment in THG Ingenuity, a cutting-edge proprietary technology platform.
The funding mark an important phase of growth for Civo as it creates the go-to platform for building cloud-native Kubernetes applications. The platform offers a wealth of simplified capabilities for building scalable zero-downtime e-commerce applications that bolt onto THG Ingenuity.
Eventually, THG Ingenuity becomes Civo’s exclusive data centre hosting & Enterprise sales partner, thereby accelerating the global rollout of Civo regions to data centres and large development teams around the world.
Mark Boost, CEO & co-founder at Civo, said: “We are delighted to announce THG’s investment which will bring Civo’s technology to more people around the world as we grow our capabilities. THG Ingenuity is the leading global platform for end-to-end digital commerce, and I’m proud that Civo technology will now strengthen its cutting-edge technology stack and help brands create frictionless digital experiences for their customers.
John Gallemore, CEO of THG Ingenuity said, “We built THG Ingenuity to remove the burden of multi-partner relationships and complex software and infrastructure. In turn, THG has sought best-of-breed partners that help us create the most seamless, effective, and scalable direct-to-consumer retail models in a single, digital platform. With Civo we have found the future of home-grown UK cloud native innovation. Civo is a fast and developer-friendly platform for accelerating our digital commerce roadmap. We are delighted to invest in Civo and to support the next phase of growth of this impressive technology success story.”
Fastest managed Kubernetes provider
Currently, Civo, founded by Mark Boost, Andy Jeffries and Barry Fenning, is the fastest managed Kubernetes provider in the world with a fully usable cluster deploying in under 90 seconds. It’s also the first production-ready K3s platform, the super-efficient Kubernetes distribution that focuses on speed, simplicity and reduced overhead.
It has developed a solution for cloud native projects with a particular focus on speed of launch, value for money and ease of getting a complete system up-and-running without technical barriers.
Now Civo is the world’s first production-ready Kubernetes platform to run on K3s. This rapidly growing distribution of Kubernetes reduces the resources required, which means a cluster can launch in less than 90 seconds, not in several minutes.