Namespace raises $42 million for developer compute cloud

VERA Brief

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Namespace Labs Inc. has raised $42 million in Series B funding. The investment, led by Scale Venture Partners, will be used to expand its compute infrastructure for software developers.

Key facts

• Namespace Labs Inc. announced a $42 million Series B funding round.
• Scale Venture Partners led the investment round.
• The funding will support the expansion of Namespace's compute infrastructure for software developers.
• Other participants in the round included NEA, 20VC, Essence, Burst Capital, and Susa Ventures.
• This funding follows a previous Series A round that occurred approximately seven months prior.