SAN JOSE, Calif., September 28, 2021 (Newswire.com) - Lyrid (Lyrid.io), a multi-cloud infrastructure platform provider, today announced a new investment round led by a small consortium of seasoned venture investors, signed on new enterprise solutions partners and expanded its team. Lyrid's cloud-agnostic infrastructure helps users deploy cloud native apps globally in minutes on any platform, such as AWS, Azure and Google Cloud. This increases vendor flexibility and accelerates time-to-market for cloud native applications. The latest investment round will help the company gain market share in the still "blue ocean" multi-cloud infrastructure space.
Since coming out of stealth mode last May, the company has already achieved revenue in excess of half a million dollars and built a substantial sales pipeline. The company has also successfully added enterprise focused solutions partners, including P3ID and Vontis, among others. Lyrid plans to scale its enterprise customer base by continuing to build out an ecosystem of horizontal business solution clients and partners.
"We created Lyrid to help companies of all sizes innovate quickly and more affordably, increase cloud vendor flexibility, and test new ideas without disruption to their existing processes. Serverless applications are just the start, and we are expanding the vision to include many other cloud offerings," said Handoyo Sutanto, Lyrid CEO. "We are very excited to collaborate with other innovators, including investors and customers, who share this vision."
With early commitments for its new investment round from Mr. Reza Sabahi, an experienced investor in enterprise software companies, and interest from several angel groups, Lyrid has already begun hiring the resources it needs to scale. The company recently hired five new team members, including marketing and product development talent, as well as executive advisors bringing decades of SaaS and business leadership experience to the table.
Lyrid solves many problems created by an overly complex cloud landscape. With more than 500 distinct products offered by AWS, Azure, and Google Cloud, keeping up with the many options is overwhelming for any developer, let alone less technical business owners. Companies that deploy their cloud apps on Lyrid reduce R&D costs while accelerating time-to-market and global distribution. They also enjoy tools, data, analytics, redundancy and automation that was previously inaccessible.
Lyrid is a multi-cloud infrastructure as a service (IaaS) provider that makes developing new cloud-native solutions easier and more affordable. It utilizes data, machine learning and user policies to wrap, deploy and execute applications seamlessly between all the public clouds. With Lyrid, enterprises can innovate more affordably, increase cloud vendor flexibility, and test new ideas without disruption to their existing processes.