Buoyant raises further $10m to drive Linkerd's growth

San Francisco-based company's disruption of service mesh market continues with $10m round of funding as it adds GV to growing list of Silicon Valley investors

25Mar

Buoyant, the creator of open-source service mesh Linkerd, has received $10m in investment from GV and existing investors Benchmark and A.Capital to help Linkerd continue its disruption in the service mesh space.

The $10m investment, which has brought the total amount raised by Buoyant to more than $24m, will be used to drive Linkerd's feature velocity and community growth. A service mesh, used in the building of cloud native applications, provides an infrastructure layer to make service-to-service communication safe, fast and reliable.

Dave Munichiello, general partner at GV, which was formerly known as Google Ventures, commented: "The project's focus on simplicity, speed and scale has driven rapid adoption among both startups and large enterprises. We've been impressed by Buoyant's execution to date and are excited to help as they enter their next phase of growth."

Created in 2016, Linkerd is hosted by the Cloud Native Computing Foundation (CNCF) alongside other projects such Kubernetes and Prometheus, and powers the cloud-native infrastructure of a number of companies including Chase Bank, BigCommerce and HomeAway (Expedia).

Mark Tyrrell, principal architect at HomeAway, explained that Linkerd's service mesh had enabled the company to "scale microservices and applications to handle incredibly high volumes of traffic in a way that's secure against failures of individual machines, clusters or even regions".

San Francisco-based Buoyant was founded in 2015 by Twitter infrastructure engineers William Morgan and Oliver Gould, and has received the backing of a number of Silicon Valley investors, including #Angels, Data Collective and the Webb Investment Network.

The latest version of the open-source service mesh, Linkerd 2.2.1, was released in February 2019 and Morgan, who is also CEO at Buoyant, remarked: "Our focus with Linkerd is 100% on solving real problems and minimizing complexity, not on pushing a particular cloud provider agenda or building technology for technology's sake."

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