Today is an exciting day for us at CoreOS, and even more, it reveals the value and growth of the industry delivering the next major area of infrastructure advancement. Today CoreOS is backed by an additional $28 million in Series B investment from venture capital investors. This round is lead by GV (formerly Google Ventures), with Intel Capital, Accel, Fuel Capital, KPCB, Work-Bench Ventures, and Y Combinator Continuity fund participating. This brings CoreOS's total venture financing to $48 million in the course of the past two and a half years. We couldn't be more excited about what's ahead.
This industry is making distributed computing ubiquitous, consumable and widely applicable, constructing it from modular pieces like containers, consensus algorithms, and more, on standard hardware, and in the cloud. We call this style of infrastructure Google's Infrastructure for Everyone Else (GIFEE).
CoreOS will use this funding to develop our products, like Tectonic and Quay, and solutions both open source and commercial, as well as hiring for our teams in San Francisco, New York and Berlin. This means we will continue to build into the void, creating open source software to make GIFEE easily accessible to all companies, and to contribute to the external projects that further these same goals. We believe this type of infrastructure is required to create environments that are serviceable, and thus key to fundamentally improving the security of the Internet. We find our company in the heart of an industry that didn't exist three years ago. We intend to use our expertise and leadership to help companies adopt this technology, both in their own open source development, and commercially.
Thank you to our community and to all that are in support to move the industry forward in adopting cloud native infrastructure. We celebrate today at CoreOS Fest 2016 with you.