Wednesday, February 22, 2017

Mailgun Gets $50M, Spins Out From Rackspace

San Antonio-based email automation software provider Mailgun announced this morning that it has raised $50M in funding, and spun out of Rackspace. Mailgun said the funding was led by Turn/River Capital, and also included Scaleworks and Rackspace. Mailgun said the funding will establish it as an independent company from Rackspace, and go towards its product roadmap, growth, and customer support. Mailgun will be led by William Conway, previously GM of Mailgun inside Rackspace. Rackspace bought Mailgun in 2012.