Ambassador Labs has secured a $20 million growth investment led by global software investor Insight Partners. In conjunction with the funding, the company has appointed Steve Rodda as the company’s new Chief Executive Officer. Rodda replaces Richard Li, who will remain on the executive leadership team as Chief Product Officer and co-founder.
Rodda joins Ambassador Labs at a time of significant growth, with the company achieving over 200% year-over-year revenue growth. Ambassador Labs will use this additional investment to accelerate go-to-market initiatives and expand its open source and commercial product portfolios.
Steve Rodda brings an extensive background of technology and product management experience, with his early days spent as a programmer. He has maintained a consistent focus on delivering solutions to market that address customer challenges. He most recently served as chief executive officer at API design platform provider Stoplight.
To support the company’s growth trajectory, Ambassador Labs has invested steadily in its leadership team with the most recent appointment of Deren Rehr-Davis as Vice President of Sales. Now, with the addition of Rodda as CEO, Richard Li will focus on product innovation and oversee the company’s product teams to ensure continued delivery of solutions that accelerate Kubernetes adoption by developers and organizations worldwide.