Insight Partners led a $20m Series A round in Fermyon Cloud.

Insight Partners, an American venture capital and private equity firm based in New York City, led a $20m Series A round in Fermyon Cloud, a cloud computing firm, with participation from previous investors Amplify Partners, Tyler McMullen, Grant Miller and Marc Campbell. “WebAssembly is a ‘build once, run anywhere’ technology designed to enable apps to run inside the browser that is now being applied to solving cloud problems where speed and security are paramount. It has quickly become a foundation for the next wave of cloud computing alongside the container and virtual machine technologies already in use today. With Fermyon Spin, developers can quickly create WebAssembly microservice applications and now with Fermyon Cloud, developers can go from a blinking cursor to a deployed application in less than two minutes. This is the promise of WebAssembly realized in the cloud: fast development, fast deployment, fast execution,” Matt Butcher, Fermyon CEO.