Rancher Labs announced a $20 million Series B round of funding, bringing total financing to date to $30 million. The funding round was led by GRC SinoGreen and included the participation of Mayfield and Nexus Venture Partners Rancher Labs officially started up in September 2014 and raised $10 million in its initial funding round in June 2015. The Rancher 1.0 release debuted on March 29, bringing with it enterprise stability and platform general availability. Rancher provides a full enterprise-level platform for managing containers.