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- On Thursday, the Armory announced the closing of a $ 28 million series B financing.
- Armory creates commercial capabilities for Spinnaker, an open source project launched by Netflix and Google engineers, which helps engineers test and distribute software in the cloud faster and more often.
- Daniel Rubén Odio, CEO of Armory, explains that many companies face cultural challenges because they still use outdated data centers, but they want to change the way they publish their software.
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Daniel Rubén Odio is no stranger to creating startups. This is the fourth time that Odio has created a company and its previous three companies have been acquired.
But when Odio and his team founded Armory in 2016, they decided to stay independent.
"It's the first one we do not want to sell," he told Business Insider.
Armory creates commercial features for Spinnaker, an open source project created by engineers at Netflix and Google that helps engineers. release the software faster and more often.
Spinnaker being open source, its use, download and modification are free. Armory creates additional features that businesses can use, such as code pipelines, monitoring, and badytics.
On Thursday, Armory announced the closing of a $ 28 million Series B financing led by Insight Partners. In total, he raised more than $ 42 million. With this funding, Armory plans to invest in the Spinnaker open source project and the business functions it develops, as well as in sales, marketing, support and training.
"The reason I go to work in the morning is because we help these companies innovate to help them create better experiences," Odio said. "We are providing them with a better platform to enable them to innovate faster … We want to let companies move from idea to functionality and production in minutes instead of months. "
The & # 39; Switzerland cloud computing & # 39;
When Odio and his team heard about Spinnaker, they decided to invest instead of building a brand new project from scratch. In addition, because it is open source, they have a larger community of developers who improve the project for free. Two of the most famous Open Source projects, Linux and Kubernetes, have grown and spread rapidly among businesses.
"It's really our big motivation for that," Odio said. "We really think Spinnaker will be successful because it's open source."
The Armory touched down by participating in Y Combinator, a startup incubator in Silicon Valley. This helped him to have access to investors.
Odio says that for now, Spinnaker represents a major opportunity, as more and more companies are turning to the cloud. According to Gartner, cloud infrastructure spending will increase from $ 39.5 billion in 2019 to $ 63 billion by 2021.
With more software on the cloud, companies are looking for tools to publish changes to their software faster.
And what's more, no matter what cloud these companies use, Spinnaker has the support of everyone, says Odio. He calls Spinnaker the "Switzerland of cloud computing".
"For decades, I've used a data center," Odio said. "Now there is this flood of innovation in the cloud … The reason we are relying heavily on Spinnaker is because we believe that innovation will only increase. need some sort of platform like Spinnaker. "
The "hit dopamine"
Odio says today, large companies publish software updates thousands of times a day. If a company only publishes code a few times a year, it will have trouble catching it.
"We call this the gap of innovation," said Odio. "If I can not quickly spread my ideas around the world, we will not be competitive."
Read more: Investors are betting hundreds of millions of dollars that startups like PagerDuty, GitLab and CloudBees can change the way software is created
In fact, he says the main challenge is not technology or a business problem, but rather a cultural problem, as many of the world's largest companies still use outdated software and data centers. . For companies that are starting to move the cloud, Odio says that Armory can help.
"Engineers just want to get the success of dopamine to write something in the world and get something in the world," said Odio. "When I write code and it stays on the board for a month, it's a very difficult experience – it's where the developers are stuck. to the best engineers if you do not invest in the underlying infrastructure. "
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