Canberra-based start-up Instaclustr has raised a $US15 million ($20.6 million) Series B funding round, led by a New York venture capital fund Level Equity as it looks to hire staff to grow its increasingly popular open source tech platform.
The company, conceived in 2014 by Ben Bromhead and Adam Zegelin, has created a tech platform that customers pay a monthly fee to use, in order to hosts and support applications that run using myriad open source data technologies.
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Michael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au
