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Weaveworks , a startup focusing on cloud aboriginal development tooling , announced todayon LinkedInthat it would be shut out down , a sad Clarence Shepard Day Jr. for any startup .
“ I am very sad to foretell — officially — that Weaveworks will be close its door and shutting down commercial-grade mathematical process . Customers and partners will be working with a financial trustee whom we shall announce soon , ” CEO Alexis Richardson , who helped launch the troupe in 2014 , write .
The company ran into the issue of odd sale , a enceinte problem for startups , but particularly for unity in Weavework ’s position . When it launched in 2014 , cloud native was hardly on anyone ’s sassing . Kubernetes would n’t plunge until the following year , and they were early to securities industry .
But over metre , they faced growing competition from ship’s company like Harness Labs and CircleCI , which were much good capitalized . Richardson says while they saw duple - dactyl growth in 2023 , sales were “ lumpy ” and they were running short on capital and a chance to be acquired fell through , he said .
With few panorama , the company had little choice but to take the whole step of shutting down . Richardson apologize for the fellowship ’s plight in the LinkedIn station . “ I can only rationalize to everyone for this difficult turn . I could say that this should not have happened , but I recognise that we are not alone in this market . cock-a-hoop vas have go astray , ” he wrote .
Weaveworks raised a substantial amount of money along the fashion , over $ 61 million , perCrunchbase , but its last beat was $ 36 million at the end of 2020 . As the saving turned in 2022 , as Richardson direct out , the market got rough for many startup out there . His is onlythe in vogue victim .
The companionship leaves behind some loose origin software that he aver will cover , but the details on how that will go on are not useable yet . “ The account does not end here — our open root package is used everywhere . I am working with several big organization to make certain CNCF Flux is in the levelheaded United States Department of State . More on that presently , ” he drop a line .
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Weaveworks grabs $ 15 million Series B from GV to bring order to containerization
