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WebOps platform Pantheon raises $100M from SoftBank Vision Fund – TechCrunch

WebOps SaaS platform PantheonLaunched as a Drupal and WordPress hosting service many years ago, today announced that it has raised a $ 100 million Series E round funded exclusively by SoftBank Vision Fund. In this round, the Pantheon reached unicorn status with a valuation of over $ 1 billion.

Pantheon co-founder and CEO Zack Rosen told me the company wasn’t under pressure to pull up. “It really helps accelerate everything we do,” he said. “We didn’t need the money. We had a lot of cash in the bank. We were planning to grow it in a year or two. But we’re about where the industry is heading. We have a lot of conviction and our customers’ needs are pretty clear, so we pulled this in from 6 months to a year and used it as an opportunity to accelerate everything that is already happening. . “

Image credit: Pantheon

As Rosen pointed out, the role of the company’s website has changed considerably since Pantheon was launched almost 12 years ago. Originally the main purpose of brand building and publishing channels, these days it’s directly related to revenue. “Recently, most purchase decisions are made before someone talks to a customer,” Rosen said. “All research is done (hopefully) on your company’s website. Links in ads or emails route that customer to your website. That’s your best. It’s an important digital product, so marketers are really starting to think that way. “

So while hosting and publishing may solve the problem, Pantheon sees many opportunities in the future by making money and measuring it through the company’s website. Of course, the core of the company’s products is the serverless hosting platform, and developers are still the core target. But much of what the company is currently investing in is a collaboration between the marketing team and the developers. “To provide a best-in-class digital experience so that you can work iteratively every day. Designers and developers, website owners and project managers — you need a recording system to do that. These teams Needs a solid workflow, “Rosen said.

He argues that companies are looking for a robust SaaS platform that offers these workflows, in addition to high-performance hosting, CDNs, and key elements for hosting websites today. “”[Teams] I want to stop thinking about this, “he said. “They are looking for partners like any other SaaS application like Stripe, Twilio, Salesforce, etc. They want it to work and you don’t have to worry about it. And handle it. Then you can move on to what actually drives the results that these teams are interested in. “

Regarding funding from SoftBank Vision Fund, which features investments (and notorious WeWork) such as ByteDance, Perch, Redis Labs, Slack, and Arm, Rosen said Pantheon had a choice for companies that day. , Softbank’s team turned out to be “a huge believer in this category,” he said, helping Pantheon reach the scale needed to define the WebOps category.

“Digital transformation has accelerated the transition of critical business infrastructure to the cloud. SoftBank Investment Advisers partner Vikas Parekh said: Using SaaS services for workflow and do-it-yourself. By automating, we believe Pantheon’s leading platforms are transforming the way we create modern website experiences. “We have partnered with Zack and the Pantheon team to create websites where organizations deliver results. We are excited to support their ambition to help embrace new and better ways to build. “

WebOps platform Pantheon raises $100M from SoftBank Vision Fund – TechCrunch Source link WebOps platform Pantheon raises $100M from SoftBank Vision Fund – TechCrunch

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