Magnetic.io VAMP raises € 500k in investment round led by Belgian VC Volta Ventures to open source canary test and release platform for scaling up containers and micro services.
Magnetic.io, an Amsterdam-based tech startup, has announced that it has raised an investment of € 500,000 resulted in a round by Belgian VC Volta Ventures. Magnetic.io developed VAMP, an open source solution for testing and canary-release, and auto-scaling capabilities, adding to systems that use popular container service and micro technologies. The investment will be used for the development of enterprise functionalities for the VAMP framework, encouraging and supporting the open source community and the partner network, and to accelerate the international growth. Current investor Startupbootcamp (SBC) and successful entrepreneur Henri de Jong (My Domain) also participate in the financing round. Frank Maene, Managing Partner of Volta Ventures, will join the board of directors.
Online businesses like Netflix, Airbnb and Facebook apply the canary testing and release method to be very successful for years. They launch nearly continuous new versions and variants of their software for small percentages of visitors, measure and then optimize the performance, and then gradually increase the percentage of visitors in order to arrive at a risk-free stable and optimized upgrade.
Until recently, it has been complex and expensive for most organizations to implement this kind of "canary methodologies." VAMP makes it easy and cost-effective to test in production in a smart and secure way by using an online software upgrade and by adding it to existing and new architectures. VAMP can operate stand-alone as well as in combination with commonly used container and micro services solutions such as Docker, mesosphere DC / OS, Azure Container Service, Rancher and Kubernetes.
Learn more about Mangetic.io VAMP story here!
Discover the recent Belgian successes as well, like the huge one for Showpad who closed a $50 million funding round led by Insight Venture Partners, and stay tuned for more!