vFunction Enhances Entire App Modernization Process, Announces $26 Million Funding Round

vFunction, a platform purpose-built for cloud native modernization, is releasing the vFunction Application Transformation Engine and the expanded vFunction Modernization Platform, offering new advanced capabilities that enable enterprises to automatically assess, analyze, and manage the full modernization and migration process.

Additionally, vFunction announced it has received $26 million in Series A funding led by Zeev Ventures and Hewlett Packard Enterprise. Existing investors who participated in the round include Engineering Capital, Primera Capital, and Shasta Ventures.

vFunction will use the new investment to drive global expansion, beyond North America and Europe, and into Latin America, while responding to the increased enterprise demand for automated, scalable, app modernization initiatives accelerated by massive adoption of the cloud, according to the vendor.

vFunction is a modernization solution that offers a scalable, repeatable factory model that allows architects and developers to manage and scale the full modernization and migration process from assessment to decomposition.

vFunction’s new Application Transformation Engine (vAXE) and expanded vFunction Modernization Platform (vMP) introduce  new capabilities including:

  • Database Dependency Discovery and Analysis
  • Domain-Driven Observability
  • Single Pane of Glass to Manage Broad Assessment, Migration, and Modernization

“The rate at which enterprises are needing to innovate in order to retain competitive market positioning is unprecedented, and those without a data-backed modernization approach will be outpaced,” said Moti Rafalin, CEO and co-founder, vFunction. “vFunction’s new capabilities represent a critical breakthrough in modernization, as development teams can now tap into data-driven assessments and get a clear view of application complexity, functional domains, and dependencies. With these automated insights, enterprises avoid the time-consuming, manual modernization approaches that exist today and can finally tackle mounting technical debt head-on.”

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