vFunction Unveils the First and Only Platform Purpose-Built for Automated, Intelligent and Scalable Cloud Native Modernization
PALO ALTO, Calif., Feb. 02, 2021 (GLOBE NEWSWIRE) -- Emerging from stealth today, vFunction announces the first and only platform purpose-built to automatically, efficiently, and intelligently transform complex, monolithic Java applications into microservices with a scalable, repeatable factory model. vFunction also announces $12.2M in seed funding. Following the pre-seed by Engineering Capital, Shasta Ventures and Zeev Ventures led the round with participation from Engineering Capital and Khosla Ventures. vFunction was cofounded by experienced serial entrepreneurs CEO, Moti Rafalin, CTO, Amir Rapson, and Systems Architect, Ori Saporta, following the acquisition of their previous company, WatchDox, by Blackberry in 2015.
Many of today’s enterprises rely on legacy Java applications to power their businesses, but face an urgent mandate to move to the cloud as quickly as possible in order to retain competitive market positioning, innovate their businesses and respond to unexpected events like COVID-19. Over time, these enterprises have amassed huge backlogs of 100’s and even 1000’s of legacy monolithic Java applications to modernize, which hampers business transformation initiatives and creates drag on IT departments. As a result, development velocity has continually decreased as these applications require substantial manual maintenance, expensive licensing, critical changes, and on-going enhancements to retain their business value. Manual modernization tools and projects are slow, costly and ineffective, and modernization strategies such as “lifting and shifting” and containerization without breaking into microservices yield limited benefits. Adding to the complexity, these enterprises often lack the resources and skills to modernize their enterprise applications.
Introducing the vFunction Platform
“We spent over three years perfecting the vFunction technology to ensure we were helping our customers unlock the true value of the cloud for the 80% of the workloads that aren’t yet cloud native,” said Moti Rafalin, CEO and Co-founder, vFunction. “vFunction provides developers, CTOs and system architects the opportunity to increase business and engineering velocity, by enabling and accelerating enterprises’ journey to cloud-native architecture, without the steep time commitment, high cost and significant risk associated with the modernization approaches that exist today.”
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Nicola Carotti, Head of Cloud & Hybrid Datacenter, Intesa Sanpaolo
Ashok Kumar Saravanan, Practice Head, Legacy Modernization, Wipro Technologies
James Governor, Co-Founder and Analyst, RedMonk
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