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August 22, 2012

Typesafe Announces $14M Series B Financing

August 22, 2012

Today represents another important milestone for Typesafe, as we announce our $14M Series B financing round, led by Shasta Ventures with participation from Juniper Networks and existing investors including Greylock Partners and Francois Stieger. Along with this announcement, we are pleased to welcome Jason Pressman from Shasta Ventures to the Typesafe board of directors.

What do we plan to do with this additional capital? Simply put, we'll continue on the journey we started when we formed Typesafe last year: to build the most scalable software platform for the computing architectures of the future—multicore, parallel and cloud applications. 

This will include additional investments in the Typesafe Stack -- including Scala, Akka, Play, and Slick -- as well as supporting infrastructure such as the Scala IDE for Eclipse, sbt, and zinc

We'll continue to enhance the commercial maintenance, support, and management capabilities in the Typesafe Subscription (including the Typesafe Console), and Typesafe's training and services capabilities.

And perhaps most importantly, we'll ramp up our efforts to bring Typesafe technologies to a broader audience, so that they can enjoy the benefits experienced by early adopters like Juniper Networks, who commented:

"The Typesafe Stack enables us to leverage the most recent advances in large-scale parallel processing and distributed computing while building on existing investments in Java."

If you are new to Typesafe and Scala, don't miss your opportunity to get involved by joining Scala creator Martin Odersky's upcoming free 7-week online Scala course at Coursera, which kicks off on September 18.

And yes -- we're hiring.

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