Weaveworks gets $15m in Series B funding


Weaveworks, the makers of the Weave network for Docker, has closed a $15m Series B funding round led by new backer GV (formerly Google Ventures).

The round, which also drew support from existing investor Accel, comes after the company announced a $5m Series A round in December 2014.

According to a statement the company, founded in London, will use the cash to continue developing its product and invest in both sales and marketing.

Alexis Richardson, co-founder and CEO of Weaveworks, spoke about the raise: “We’re delighted to welcome GV as a new investor, and Accel as a repeat investor in Weaveworks.

“Both share our vision of simplifying microservice-based application development by minimizing the connectivity and deployment complexities, and providing unique visual ways to understand and manage cloud-native applications,”added Richardson.

Investor’s view

Weaveworks allows customers to build and migrate applications that are then able to run on any given container technology.

Tom Hulme, GV general partner, spoke about his decision to invest in the company: “Complex modern infrastructures and applications require visibility, and microservices and containers are no exception.

“A category leader will emerge in microservices management, and Weaveworks’ traction, team and vision position them well to become that leader,” he added.