From Silicon Angle
On-premises software delivery company Replicated Inc. is much richer today after grabbing $50 million in a new round of funding.
The Series C round was led by Owl Rock, a division of Blue Owl Capital. New investors Lead Edge Capital and Headline, and existing investors Two Sigma Ventures, Amplify Partners, BoldStart, Ridgeline and Heavybit also participated in the round.
Replicated sells tools that help software makers create and deploy on-premises versions of their applications.
What Replicated’s platform does is reduce the amount of work involved in adapting an application to run on on-premises servers. Normally, doing so can take weeks or even months because software makers need to make auxiliary components such as an installer to set up the application on customers’ hardware. Replicated delivers ready-made components that save companies the hassle of creating them.