Fermyon Raises $20M in Seed Funding for Its Cloud Application Platform

Fermyon Technologies Inc., a startup working to simplify cloud application development, today announcement that it closed a $20 million seed funding round.

Prominent venture capital firm Insight Partners led the Series A round. The company was joined by more than half a dozen other investors, including executives from Microsoft Corp., VMware Inc. and other enterprise technology companies. Fermyon has raised a total of $30 million from investors since launch.

The startup announced its latest funding round in conjunction with the introduction of Fermyon Cloud, a new platform-as-a-service offering. The offering is designed to make it easier for developers to build cloud applications using WebAssembly.

WebAssembly is a collection of software tools originally designed for use in browsers. The technology provides the ability to create complex browser-based applications, such as simulation tools, more easily than before. WebAssembly is widely used in the developer ecosystem.

According to Fermyon, WebAssembly is suitable not only for building browser-based programs, but also for cloud applications that implement a microservices architecture. A microservices architecture is an approach to application design that emphasizes modularity. It allows software teams to implement the basic components of a program as separate and largely independent modules. This configuration facilitates certain development tasks such as deploying updates.

Today, developers primarily use software containers to build microservices applications. One of the reasons for the popularity of containers is that the technology is resource-efficient, which reduces hardware requirements and therefore costs. Another major advantage of the technology is that it allows enterprise applications to run on multiple types of infrastructure.

Fermyon claims that WebAssembly can provide many of the same benefits as containers. Additionally, the start-up argueWebAssembly offers a more competitive feature set in some respects.

Like containers, WebAssembly allows applications to run on multiple types of infrastructure. But Fermyon says he does it in a more versatile way. Containers, according to the startup, are primarily designed to run on Linux and Windows machines, while WebAssembly also supports other operating systems, such as specialized platforms used to power industrial equipment.

Another advantage of WebAssembly is that it is efficient. As with containers, the technology reduces the number of ancillary software components a business must install on a server to run applications. The resulting reduction in hardware requirements reduces costs.

“WebAssembly is a ‘build once, run anywhere’ technology designed to enable applications to run in the browser, which is now being applied to solving cloud problems where speed and security are paramount,” said Matt Butcher, co-founder and CEO of Fermyon. “It quickly became a foundation for the next wave of cloud computing alongside the container and virtual machine technologies already in use today.”

Fermyon Cloud, the new platform-as-a-service offering that debuted today, aims to ease the task of building WebAssembly-powered applications. The startup claims that developers can deploy an application to the Fermyon Cloud in just minutes. It provides a visual interface for managing workloads, as well as performance optimization features designed to improve the speed of customer software.

The company will use its recently announced $20 million funding round to expand adoption of the platform. The platform is currently available through an open beta program.

Alongside Fermyon Cloud, the startup offers an open-source toolkit called Fermyon Platform. This latest software allows companies to create a self-hosted environment to run WebAssembly applications. The company also offers another open source tool, Spin, which reduces the amount of manual work involved in developing WebAssembly applications.

“As Docker did years ago with containers, we believe Fermyon will radically simplify software delivery with WebAssembly,” said Michael Yamnitsky, Managing Director of Insight Partners.

Photo: Unsplash

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