Stackery lands $5.5 million for serverless platform

When Stackery’s founders were still at New Relic in 2014, they recognized there was an opportunity to provide instrumentation for the emerging serverless tech market. They left the company after New Relic’s IPO and founded Stackery with the goal of providing a governance and management layer for serverless architecture.

The company had a couple of big announcements today starting with their $5.5 million round, which they are calling a “seed plus” – and a new tool for tracking serverless performance called the Health Metrics Dashboard.

Let’s start with the funding round. Why the Seed Plus designation? Company co-founder and CEO Nathan Taggart says they could have done an A round, but the designation was a reflection of the reality of where their potential market is today. “From our perspective, there was an appetite for an A, but the Seed Plus represents the current stage of the market,” he said. That stage is still emerging as companies begin to see the benefits of the serverless approach.

HWVP led the round. Voyager Capital, Pipeline Capital Partners, and Founders’ Co-op also participated. Today’s investment brings the total raised to $7.3 million since the company was founded in 2016.

Serverless computing like AWS Lambda or Azure Functions is a bit of a misnomer. There is a server underlying the program, but instead of maintaining a dedicated server for your particular application, you only pay when there is a trigger event. Like cloud computing that came before, developers love it because it saves them a ton of time configuring (or begging) for resources for their applications.

But as with traditional cloud computing – serverless is actually a cloud service – developers can easily access it. If you think back to the Consumerization of IT phenomenon that began around 2011, it was this ability to procure cloud services so easily that resulted in a loss of control inside organizations.

As back then, companies want the advantages of serverless technology, but they also want to know how much they are paying, who’s using it and that it’s secure and in compliance with all the rules of the organization. That’s where Stackery comes in.

As for the new Health Metrics Dashboard, that’s an extension of this vision, one that fits in quite well with the monitoring roots of the founders. Serverless often involves containers, which can encompass many functions. When something goes wrong it’s hard to trace what the root cause was.

Stackery Health Metrics Dashboard. Photo: Stackery

“We are are showing architecture-wide throughput and performance at each resource point and [developers] can figure out where there are bottlenecks, performance problems or failure.

The company launched in 2016. It is based in Portland, Oregon and currently has 9 employees, of which five are engineers. They plan to bring on three more by the end of the year.


Jeff Bezos is the World’s Richest Person. Now He Should Buy Twitter

Imagine making $2.4 billion in a day. Jeff Bezos can. Above-average Amazon Black Friday sales landed him the figure, tipping his personal fortune over the $100bn mark, the first person to do so in the 21st century.

Bezos has no shortage of projects to keep him busily whittling down that fortune–if ever one person could–from space rockets to ubiquitous global Internet. But there’s one more he could, and perhaps should, take on: Twitter.

Twitter, oddly, shares a lot with one of its most followed and divisive users, Donald Trump. Both are wildly popular, and reluctant to change. Both have impressive metrics but questionable bottom lines. Both could probably do with some advice from Bezos.

Twitter’s use as a live search and discussion board is second to none, and it has become an essential cog in the media consumption machine.

It is also infected with millions of bots and propagandists – to the extent it currently appears a perfect vehicle for the kind of Surkovian mind-tricks democracies are suffering everywhere from Moscow to Mountain View.

Co-founder and CEO Jack Dorsey has a problem. Despite allowing people to double their wordage per tweet in September the company is still struggling to make money. Its revenue was reported at $590m in Q3 2017: a 4% year-on-year decline.

Twitter expects to turn its first bottom-line profit by the turn of the year. But that cannot last long without something to reignite usership. Bezos’ Amazon is the firm for the job. It has deep pockets: $15.4bn this June. That could be enough to create a runway long enough to give a Twitter 2.0 time to chop and change its model.

Twitter has long struggled with advertising, which it admits lags behind user growth this year. Amazon has never had a problem attracting ads to its platforms, and might see Twitter as a great way to steal a Big Data march on its megarivals Google and Facebook.

Bezos is no stranger to the media: he bought the Washington Post in 2013, and it turned a profit last year. Twitter is undoubtedly a huge media asset in its own right, and could even complement the Post’s editorial.

There’s no stopping Google or Facebook taking a shot at Twitter, either. But Bezos, and Amazon, has all the tools to make an acquisition of the precarious brand a symbiotic relationship. It would be interesting to see, too, what the World’s Richest Person would make of Trump’s trademark outbursts.

The post Jeff Bezos is the World’s Richest Person. Now He Should Buy Twitter appeared first on Red Herring.