London-based startup Hadean raises £7.7m funding
Hadean, a London-based startup which built the world’s first cloud operating system, has announced that it has raised £7.7million funding.
The funding round was led by Draper Esprit along with participation from Aster and London Venture Partners, a specialist gaming investor. Existing investors such as Entrepreneur First and Luminous Ventures also took part in the funding round.
The company has redesigned the technology stack completely letting software engineers write, ship and scale their applications to any size without layers of middleware, resource strain and high rates of failure.
"Technology companies today are hampered by their ability to scale their platforms to meet demand and exploit data,” said Craig Beddis, Hadean’s Co-Founder and CEO.
“Our technology, which was derived from first principles, eliminates the significant manpower and time wasted on engineering and DevOps. I am excited to have an investor of the calibre of Draper Esprit on board, with its proven track record in deep tech investment leading this round.’’
“New technologies to enable developers to build applications that can scale in the cloud are sorely needed,” said Simon Cook, CEO Draper Esprit. “As technology advances in areas such as AI, blockchain and simulation, the complexity of the current software stack will only trip us up.
"Hadean have ripped up the rule book and redesigned the architecture from scratch. Their technology has been developed by world-class engineers and we are delighted to be partnering alongside Craig, Rashid and the rest of the team.”