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EVENTBRITE, INC.

(A2N5RU)
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Press Release : Garden Exits Stealth with EUR3.1M in Funding to Transform the Future of Cloud Native Development

17.11.2020 | 15:00
 
   New Garden Enterprise automation platform unifies development, testing 
and CI for Kubernetes applications, bringing production-like 
environments to every step of the process 
 
   BERLIN, Nov. 17, 2020 (GLOBE NEWSWIRE) -- 
https://www.globenewswire.com/Tracker?data=XAo_rVIVQL389SxFTmBWRYMchhG_SXjQsiIn6f5knCxW93ahrXLRVxLHN9O34HF- 
Garden, creators of an open source-based development automation platform 
for Kubernetes and cloud native applications, today announced EUR3.1M in 
funding and new technology that reimagines the future of cloud native 
developer workflows. The seed funding was led by 
https://www.globenewswire.com/Tracker?data=KtO21pZLX5zx3riKDdHexOXb5JPX_wOuzmoOyExQA1zBqRvtlEaSrqTUPNcxdF2udMBtaLeVe82esU9Nu44KCGR37LNPSLvrPq1x98EkDIk= 
Crowberry Capital with participation from 
https://www.globenewswire.com/Tracker?data=S7dmvj50U1OVp_D_OXjaEysjR6OvJWuYWE4NX8bvvpyCPIK__GPU3NoDZ1ImLZBZJkSeY5s31kBBazhxZvFP-Q== 
byFounders. Pre-seed funding was led by 
https://www.globenewswire.com/Tracker?data=-b3-3MO0ChmCVdUM_EWu0pnMmAk4vVDY51sCcdmn4SSMIY_if6jljR_idAWyLTLuMgCcJflB7tNSUF78birBuQ== 
Fly Ventures, and included 
https://www.globenewswire.com/Tracker?data=oCnK1mtU7MupPNQzLrzuVMfU6DV29pEB3gORs6qZoB6eYXsOpIwpa6TAAJf__a-Uvgm5AE2v4lNPUOuq42Bl5w== 
System.One, 
https://www.globenewswire.com/Tracker?data=XSbew5g8g45wFD3Y7v_4f9oFO5a5VcuHrObBkcs5n6OLLKsNm9AGm1nTxQDnMjRqd8c_pf7B3XmL93tVxUkXsQ== 
Tiny.vc, as well as angels Renaud Visage (founder, Eventbrite), Chad 
Fowler (former GM Developer Advocacy, Microsoft), Olivier Pomel (CEO, 
Datadog) and David Helgason (founder, Unity). Garden will use the funds 
to build out its engineering, sales and marketing teams, and to support 
its growing user and customer base. 
 
   Available today, 
https://www.globenewswire.com/Tracker?data=XAo_rVIVQL389SxFTmBWRegq3n5WlrkBG3u4J49_b-VqndhK1zTtDXkWAXK1JFvWCj6qz65qJxni-iFswWUeDw== 
Garden Enterprise is the first solution to unify development, testing 
and CI for cloud native applications with a single platform that works 
across all stages. Garden provides developers with production-like 
environments for every step of the cycle, enabling in-cluster 
development, efficient integration and end-to-end testing, reliable code 
review, QA and more. Available as an open source product since 2018 and 
with a vibrant user community, Garden Core provides highly efficient 
workflows for Fortune 500 companies and other organizations with complex 
software systems. 
 
   Garden was founded by a team of engineers who recognized an urgent need 
for a development automation platform for the cloud native era. The 
widespread adoption of containers and Kubernetes, expected to account 
for 
https://www.globenewswire.com/Tracker?data=k16GI4fjmYJ8Q6-oCudUUj07BmB04cWAKDMWgIUcpc1ejza8wFkdFXbm3nNK4dN59B-kAu-8k6_FjF3tgeH7cQAeXiwtFRhlnZlNo2gfHAFrQIdCcJ6ebVCAuHzzbZUT-66q9dnLZ0qo48LXttFW8L5bcsAdrb3vkO4Or5NTfTCi1RWgNwUl6v96cirOLlAsfdHPDFHvpuYyKsqOLD3DwLwvwM5rZM_M1JB_TSISl5E0kKl1UP44dSj-hrCYe4YIetiVBpqo11YwcioDwdNHzbN2VmmeRLjt2Jfsxz5fWYg= 
$8.2B in spend by 2025, has made it easier than ever to operate and 
scale applications. However, these new technologies have added lots of 
complexity to the day-to-day development process, and important 
workflows such as environment management and testing have been largely 
overlooked. As a result, many developers find that they're less 
productive now than they were before the adoption of cloud native 
technologies. 
 
   "Developers today are wasting as much as 25 percent of their time 
waiting on CI pipelines and repeatedly solving the same boilerplate 
problems when building cloud native applications," said Jon Edvald, CEO 
and co-founder of Garden Technologies. "We founded Garden to deliver 
better solutions to Kubernetes developers with a fresh approach that 
unifies dev, testing and CI workflows. Garden Enterprise operates as a 
hybrid dev and automation platform, eliminating the need for customers 
to maintain multiple tools and configurations for the same application, 
and enabling them to be much more efficient and productive." 
 
   Today, organizations need to invest heavily in internal tooling in order 
to stay productive when working on cloud native applications, especially 
as projects and teams grow in size. Garden greatly reduces the amount of 
custom tooling and education required for teams, while retaining a high 
degree of flexibility and customizability, resulting in a predictable 
and efficient pre-production pipeline for even the most complex of 
applications. 
 
   "We use Garden to provide more than 50 engineers with an isolated 
development environment in a shared Kubernetes cluster. Our team can 
develop their microservices remotely and more quickly test changes and 
iterate on their services in a production-like environment," said 
Mitchell Friedman, engineer at OakNorth Bank. "Garden also powers our 
continuous integration pipeline, where we run all of our image builds, 
unit and integration tests. Sharing cached results for images and tests 
reduces cycle time for developing features and getting our work merged 
and ready to release." 
 
   Garden Enterprise, built on top of the open source Garden Core, enables 
DevOps engineers to quickly and securely roll out Garden to development 
teams. Garden Enterprise allows organizations to: 
 
 
   -- Reduce operating cost and resource waste by automatically halting unused 
      environments and resources. 
      https://devops.com/the-cloud-is-booming-but-so-is-cloud-waste/ Today, 44% 
      of cloud compute is used for non-production environments, which are 
      https://devops.com/the-cloud-is-booming-but-so-is-cloud-waste/ used 40 
      hours a week yet accrue 168 hours per week in costs. 
 
   -- Simplify developer onboarding by centrally provisioning and managing keys 
      for different environments and individual users. As organizations around 
      the globe go remote, secure and efficient employee onboarding becomes a 
      critical capability. 
 
   -- Automatically start and tear down preview environments for pull requests, 
      to enable both technical and non-technical stakeholders to see and 
      interact with a production-like replica of the application before pushing 
      to production. 
 
   -- Gain a central view of all environments, log all activity in one place 
      and visualize the performance of your builds and tests. This high-level 
      view makes it easy to identify bottlenecks in the testing and development 
      pipeline and to optimize them. 
 
 
   "Across our portfolio, we've observed the challenges around developer 
productivity, and they only seem to be growing," said Jenny Ruth, 
founding partner at Crowberry Capital. "The Garden team, some of whom 
we've worked with previously, are exceptionally talented engineers, and 
we're excited to support them in solving this massive problem for 
enterprises around the globe." 
 
   Availability 
 
   Garden is distributed as a free, open source Core edition as well as a 
commercial Enterprise edition. Installation instructions for the Core 
edition are available in the 
https://www.globenewswire.com/Tracker?data=EItTh0jE7ADyxzhbhse_T8Ji3hn81cC-yJLTSDsAZbUenSGlEugoERiKbW3i_9s3eMAelTW7sw5pqMg5gdLIu6mZV9QBRUf-JD-D6ktM5UpaU76NPAEeAwVofvjxSIXw 
documentation. Access to the Enterprise edition is 
https://www.globenewswire.com/Tracker?data=SKwK9-ZER-pyWsU59m17ELEX7TTwQzFLtjc66qrncGdru52B3G1aSabgULCpdzuJU45V-SZbmS7sYBLdOr8Lm_j8IdFCQFs5gS1UjxfQpl0= 
available on request. 
 
   About Garden 
 
   Garden is a development automation platform for cloud native 
applications. Based on an open source core, Garden provides developers 
with on-demand, production-like Kubernetes environments with powerful 
workflows for in-cluster development, efficient integration testing, QA 
and code reviews and more. Fortune 500 companies and other organizations 
with complex software systems trust Garden to keep their development 
teams focused so they can ship better tested and higher quality software, 
and to do so faster than ever before. 
 
   To learn more, please visit 
https://www.globenewswire.com/Tracker?data=UuQ94Ly6iEp4wvquH05U3jLD1xSHqT92VBee1sYDm5zivvYzv2O6crH3EkigSsCC0eCnULqn6Y8d2r5hS8Bb3A== 
https://garden.io/ and follow us at 
https://www.globenewswire.com/Tracker?data=UuQ94Ly6iEp4wvquH05U3qqmi0x9cKGDxKBUzpfklMVtu0z-Kn5-OcQLFus7as-X5EzfkWIQjhNJJd81aa4w7aXGSicczBr8XbF72qdc-_uJQhhq-FT8-XgU1Dsr32CS 
https://twitter.com/garden_io. 
 
   Media Contacts 
 
   Jessica Jaffe or Jill Reed 
 
   Sift Communications for Garden.io 
 
   https://www.globenewswire.com/Tracker?data=He8xTWxe7jJHPyfY9WEcau83SN3HPj3dtvItttd81g8E0UpkpXqWLaL3lUHcHxbOI6SxD3WLOXVwjwSoI19RLQN_6hxYSiO_NhJBLRkaQpI= 
garden@siftpr.com 
 
 
 
 
 
 

(END) Dow Jones Newswires

November 17, 2020 09:00 ET (14:00 GMT)

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Finanzkennziffern
Umsatz 2021 192 Mio - 166 Mio
Nettoergebnis 2021 -132 Mio - -114 Mio
Nettoliquidität 2021 222 Mio - 191 Mio
KGV 2021 -14,4x
Dividendenrendite 2021 -
Marktkapitalisierung 1 914 Mio 1 914 Mio 1 652 Mio
Marktkap. / Umsatz 2021 8,82x
Marktkap. / Umsatz 2022 5,39x
Mitarbeiterzahl 611
Streubesitz 77,7%
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Vorstände und Aufsichtsräte
Julia D. Hartz Chief Executive Officer & Director
Charles C. Baker Chief Financial Officer
Kevin Earnest Hartz Executive Chairman
Vivek Sagi Chief Technology Officer
Roelof Frederik Botha Lead Independent Non-Executive Director
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