As with all start-ups, especially for a cloud provider, access to funds is imperative to build and scale quickly – after all building out new data centre regions doesn't come cheap! So in recent months we quietly opened a seed round to acquire $2.8m worth of funding – giving Civo a pre-money valuation of $16,800,000. Since launching into beta nearly 2 years ago, we’ve had tons of VC companies knocking on our door, but at this stage we decided not to take VC money.
We're very proud to announce that we have been accepted by the Cloud Native Computing Foundation (CNCF) as a conformant Certified Kubernetes provider for our v1.20 Civo Kubernetes product based on K3s. Every small business starts with a goal of competing with the big fish of the industry, and a huge part of that is having the certification to prove you're providing a compatible service. We're now in the company of some really inspirational organisations...
It’s with immense pride and excitement we can announce that Civo is coming out of beta! When we planned out our beta program, which we called #KUBE100, our first priority was getting real-world feedback from a wide range of developers, all at various stages in their Kubernetes journey. We wanted to create a Kubernetes platform that plugged the gaps we saw in the industry – speed of deployment, ease of use, and a simple billing model.