IBM Leads The Way in $15 Mil Financing Round for Lightbend

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From: GlobeNewswire

Lightbend — the provider of the world's leading Reactive Application Development Platform for building distributed applications — today announced the close of a $15 million funding round. Investors participating in the round include Bain Capital Ventures, Blue Cloud Ventures, IBM, Intel Capital, Juniper Ventures and Shasta Ventures.

Enterprises including Credit Karma, Hootsuite, iHeartRadio, LinkedIn, Norwegian Cruise Lines, UniCredit Group, Verizon, Walmart, Weight Watchers, William Hill, and many more (see case studies) have adopted the Lightbend Reactive platform to build low latency, fast data applications based on modern microservice architectures.

“This investment from IBM and the development work we’re embarking upon is a natural progression of our work to support advanced cognitive application development. As the leader in cognitive and AI, IBM brings important code and tools to our customers and the Java and Scala communities,” said Mark Brewer, President and CEO, Lightbend. “IBM’s support of Lightbend and the Reactive Platform is a validation of our shared vision for helping developers build distributed applications for the new world of cloud computing architectures.”

See Lightbend's Official Press Release for more information on the collaboration.