Civo secures £1.4m from THG to expand its Kubernetes platform
THG Ingenuity has invested £1.4m for a minority stake in Civo to bolster its cloud infrastructure offering.
Civo operates a pure play cloud native service provider and developer focused Kubernetes platform. The company delivers rapid cluster deployment and simplified capabilities for scalable applications.
Civo has secured £1.4m in a seed investment round from THG Ingenuity to support its expansion as a cloud native service provider. The minority stake acquisition will see THG Ingenuity act as an exclusive datacentre hosting and enterprise sales partner.
The capital will accelerate the global rollout of Civo regions while integrating its Kubernetes platform into the technology stack of THG Ingenuity. This development marks the first strategic investment by THG Ingenuity following backing from Softbank Group earlier in the year.
Use of funds
- 01Expand into international markets