WSO2 Secures US $90mn in Growth Capital from Goldman Sachs

Open-source technology provider WSO2, today announced that the company has closed $90 million in financing from client vehicles advised by Goldman Sachs Asset Management Private Credit.  

The flexible capital solution will be used to accelerate WSO2’s worldwide business expansion, drive growth of the company’s global partner network, and support rollout of its next-generation, cloud-native solutions for securely delivering APIs, applications, and digital services.

“With more enterprises embracing digital business models, we’re seeing growing demand for our uniquely integrated approach to coupling best-in-class API management and integration with identity and access management,” said Dr. Sanjiva Weerawarana, WSO2 founder and CEO.

In addition to supporting the company’s commercial solutions, WSO2 will also invest in extending the capabilities and community around Ballerina, the open-source language that radically simplifies how developers build and deploy cloud-native applications. Choreo is WSO2’s first commercial solution to take advantage of Ballerina in enabling employees at various skill levels to collaborate in creating new apps and digital services via code, low-code, and no-code.

WSO2 has over 900 employees worldwide with offices in Australia, Brazil, Germany, India, Sri Lanka, the UAE, the UK, and the US.