https://techcrunch.com/2022/10/24/fermyon-cloud-app-webassembly-20m-funding-series-a/

Matt Butcher and Radu Matei worked on container technologies for years, “containers” in this context referring to software packages containing all the necessary elements to run in any environment, from desktop PCs to servers. As engineers at Deis, and then DeisLabs once Microsoft acquired it in 2017, their team explored the container landscape and built the package manager Helm as well as Brigade and other tooling.

Along the journey, they faced myriad problems with containers — namely speed and cost. The setbacks spurred them and a handful of other DeisLabs veterans to found Fermyon, which today closed a $20 million Series A funding round led by Insight Partners with participation from Amplify Partners and angel investors. Fermyon offers a managed cloud service, Fermyon Cloud, that allows developers to quickly build microservices, or pieces of apps that work independently, but together (e.g., if one microservice fails, it won’t bring down the others).