Developer-focused email automation (and deliverability) platform Mailgun will be spun out from Rackspace and become an independent company.
Mailgun provides a set of APIs that allows developer users to send, receive, and track email from within their applications. Development teams from the likes of Slack, GitHub, Stripe, Lyft, OfferUp, Zapier, Cinemark and others currently integrate their products with Mailgun.
"Developers are at the heart of everything we do. We are focused on solving the daily problems developers face when integrating and managing email inside of their applications. Our independence and influx of growth capital will allow Mailgun to drive a product vision that will thrill developers when they see what is coming down the pipe," said William Conway, CEO, Mailgun. "Turn/River Capital's experience growing similar developer tools makes them a perfect match to help drive Mailgun's continued growth."
Mailgun also announced it has raised $50M in financing led by Turn/River Capital, with participation from Scaleworks and Rackspace that will be used to accelerate its product roadmap, drive growth and expand customer support.