Cloud Native Basic Engine Provider Galaxy Future Scores Tens of Millions of Dollars in Financing
On Thursday, Galaxy Future, a cloud native basic engine provider established less than half a year ago, announced that it had completed an angel investment round worth tens of millions of dollars.
This financing includes angel investing led by Future Capital and Chuxin Capital, and angel+ round financing led by Matrix Partners China and followed by Future Capital and Chuxin Capital. In addition, Huang Dongxu, CTO of PingCAP, and He Ting, Vice President of Products of Agora, also participated in the financing.
The fresh funds will be mainly used for the establishment of an R&D team, the development of cloud native basic engine products, open source community and market construction. In addition to the domestic market, Galaxy Future plans to expand the international market within one to two years to participate in the tide of global open source, cloud native and digital transformation.
Galaxy Future was established in June 2021, and its founder and CEO Liu Daoru has served as the head of R&D of Weibo’s feed stream product line and the head of infrastructure department. Other major members of Galaxy Future come from infrastructure departments or core R&D teams of well-known companies in the industry such as Alibaba, ByteDance, Weibo, Kuaishou and Didi.
Galaxy Future strives to realize the “full hosting” of computing resource governance. Developers only need to submit a code, and the system will perform testing, deployment, capacity expansion, governance, fault migration and other operations automatically.
In recent years, cloud technology has developed rapidly in the world. However, many enterprises find that cloud service is not easy. If the cloud is only used as a data center, the agility of product development will not be improved much, and the IT operating cost is even much higher than in the past. If enterprises want to give full play to the advantages of cloud, they need a cloud architecture team with more than ten or even dozens of people.
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In order to reduce the difficulty and cost of using cloud services for enterprises, Galaxy Future focuses on building three basic engines, including computing power scheduling, data scheduling and index governance. With the help of these three engines, enterprises can quickly and cheaply have cloud native capabilities such as flexible scaling, fast delivery, pay-according-to-volume, fast data migration, automatic capacity expansion and contraction, and so on.