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Typesafe Raises $14M Series B To Fuel Growth

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Typesafe Raises $14M Series B To Fuel Growth

August 22, 2012

in PressRelease

Typesafe Closes $14 Million Series B Funding Round

Shasta Ventures and Juniper Networks join Greylock Partners in helping to accelerate the company’s enterprise product development and company growth 

MENLO PARK, CA -- (Marketwire August 21, 2012) Typesafe today announced it closed a $14 million Series B round of funding led by Shasta Ventures.  Along with the funding, Typesafe appointed Shasta Ventures Managing Director Jason Pressman to its board. Other investors that participated in the new round include Juniper Networks through its Junos® Innovation Fund, as well as existing investors Greylock Partners and François Stieger (former executive at Verisign, Broadvision, and Oracle). The new financing builds upon Typesafe’s success, providing for continued development of the Typesafe Stack and company growth.

“Typesafe allows developers to effectively develop robust applications that address the dual challenges of large-scale distributed “cloud computing” applications and massively multicore hardware platforms while still integrating seamlessly with the Java infrastructure,” said Jason Pressman, Managing Director at Shasta Ventures. “Founded by the creators of Scala language and Akka middleware, Typesafe has exceptional engineering and management teams and is making meaningful advancements within the software development community.”

“Typesafe’s success and recognition in the past year has attracted the attention of world-class investors, partners and customers,” said Mark Brewer, CEO of Typesafe. “The new financing will enable us to accelerate the delivery of next-generation developer technologies for the enterprise, continue to rapidly grow the company, and expand our partner ecosystem.”

“The Junos Innovation Fund invests in companies that complement our Junos platform and help extend the Junos ecosystem of applications,” said Jeff Lipton, vice president, Venture and Strategic Investments at Juniper Networks. “The Typesafe Stack enables us to leverage the most recent advances in large-scale parallel processing and distributed computing while building on existing investments in Java.”

The Typesafe Stack, a 100% Java compatible software suite, combines the Akka middleware framework, the Play web framework, and the Scala programming language. A comprehensive platform for building applications in Java and Scala, the Typesafe Stack can scale to the largest workloads in cloud computing and virtualized enterprise datacenter environments.

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About Typesafe

Typesafe provides the most scalable software platform designed for the computing architectures of the future—multicore, parallel and cloud applications. It does this through the Typesafe Stack, a 100% Java compatible software suite that combines the Akka middleware framework, the Play web framework, and the Scala programming language, proven in production with some of the world’s most highly trafficked web properties including Foursquare, LinkedIn and Twitter. The company’s Typesafe Subscription complements the Typesafe Stack with commercial support, maintenance, and operations tools. Typesafe also offers training and consulting services for organizations to ease adoption of Akka, Play, and Scala. Typesafe was co-founded by Martin Odersky, the creator of Scala, and is backed by Greylock Partners, Shasta Ventures, and Juniper Networks.