Having started just a little over four years ago in a demountable pop up co-working space near the ANU, little did the two young co-founders know that their little startup will turn into one of the most influential tech companies in Canberra, and one of the fastest growing tech startups in Australasia with strong prospect of becoming a global player in IT.
Instaclustr is a leader in managing open source software as a service, which in laymen terms means they have created a tech platform where clients pay a monthly fee to have their data and applications organised, hosted and managed at scale.
“We allow customers to get the most production value from an array of powerful open source data solutions – and to do so within a fully managed environment that frees up their IT resources and budget,” said Peter Nichol, CEO, Instaclustr. “The new investment from Level Equity will accelerate our platform’s expansion, grow our sales and support teams, and allow us to reach more organizations seeking to optimize their data-related performance, reliability, security, and scalability.”
Instaclustr, which is now based at the University of Canberra and employs more than 50 people, started at the Entry 29 co-working space and camped throughout their early growth stage in the KILN Incubator space within the Canberra Innovation Network.
“Their growth has been exceptional, with the quality of their technology and skills and expertise of their team” said Craig Davis, General Manager Growth, Canberra Innovation Network.
Instaclustr uses Canberra as the centre of a ‘hub and spoke’ model, with other offices based in San Francisco and Reading in England.
“The announcement is a fantastic development and a testament to the massive efforts of the whole team and people behind them. Our purpose is to work with many to create an environment where ambitious founders can follow a similar path to that of Instaclustr to further diversify the economy of our city and region and create jobs for the future” said Petr Adamek, CEO of the Canberra Innovation Network.
To read the full article on the Australian Financial Review; click here.