Deno raises $21M to launch a fully managed runtime service
Deno, the development company behind the eponymous Deno runtime, today announced that it closed a $21 million Series A round led by Sequoia that brings its total raised to $26 million. According to CEO Ryan Dahl, the new cash will be put toward building out Deno's commercial offering, Deno Deploy, while growing marketing operations and exploring new lines of business.
Deno the company contributes to Deno the open source project, which already has tens of thousands of weekly active users on GitHub. A full-time team of engineers works on Deno, addressing issues and bugs and deploying new releases. But Deno also sells access to the aforementioned Deno Deploy, a managed Deno service running on top of a network with 33 regions around the world.
Dahl sees Cloudflare Workers as most closely competing with Deno Deploy, followed by Vercel, Netlify and Fastly. But Deno has notched a few wins to date, including a collaboration with Slack to develop the latter's next-generation development platform.
Deno is also a member of an initiative between Node.js and Cloudflare to allow the transfer of apps between Cloudflare Workers, Deno and Node.js without the need for a rewrite, a feat that’s presently beyond reach.
"There's a huge amount of economic pressure to improve the infrastructure around the web -- whether that's browsers themselves or the servers that host websites or the databases," Dahl said. "[Our goal is to provide] very optimal, very cheap cloud services."
Former GitHub CEO Nat Friedman, a Deno investor, added in a statement:
Besides Sequoia, Four Rivers Ventures, Rauch Capital, Long Journey Ventures, the Mozilla Corporation and Shasta Ventures have backed Deno. The company currently has 17 employees and plans to hire 10 more by next year.