WordPress, Drupal Hosting Platform Pantheon Raises $29 Million Series C Funding

Website management platform Pantheon announced a $29 million Series C funding round on Wednesday, saying it will use the funds to fuel expansion towards a goal of powering 30 percent of the web. The funding round was led by Foundry Group, Industry Ventures, OpenView Investment Partners, and Scale Venture Partners.

The third round brings Pantheon’s total funding to $57 million, and continues a busy streak for Pantheon. This year the company grew its customer base by over 100 percent year-over-year to surpass 150,000 websites launched, up from 65,000 in 2014, and teamed up with 2,500 agencies and 50 reseller partners.

The company claims that its container-based infrastructure allows it to offer the “world’s fastest hosting” for both WordPress and Drupal. Its platform includes workflow and collaboration tools, continuous integration, performance monitoring, and scaling tools to reduce the excess resources web development teams often put into systems administration and infrastructure management.

“Pantheon is leading the revolution in web hosting,” CEO and co-founder Zack Rosen said in a statement. “This new funding and the explosion of our partner ecosystem demonstrates confidence in our approach and the market’s adoption of our platform. Pantheon takes the heavy lifting out of building, launching, and managing websites for digital agencies and corporate web developers. Our website management platform provides the development tools and scalable infrastructure teams need to build amazing web experiences, launch faster, and maximize their efficiency.”

Pantheon added Niall Hayes as vice president of engineering, and appointed Twitter vice president of data strategy to its board of directors this year, and released enterprise services last September.

This news comes on the heels of several WordPress-related announcements and launches from competitors in the open-source CMS hosting market.

About Pantheon:

Pantheon started in 2010 with a small team and have since grown to a team of 70 of the world’s experts in building, launching, and managing WordPress and Drupal websites. Pantheon now powers 100,000 sites, serving billions of pageviews a month.

Source: http://bit.ly/29UWfqy