Infrastructure automation technology developer CoreOS, which had raised $48m from investors including GV and Intel Capital, has agreed to an acquistion by Red Hat.
Open-source software provider Red Hat agreed yesterday to acquire US-based IT infrastructure automation software producer CoreOS for $250m, giving exits to chipmaker Intel and internet and technology group Alphabet.
Founded in 2013, CoreOS has developed an open-source software product that helps automate functions for cloud infrastructure such as installing important software updates, updating and patching servers, and tackling issues such as machine failures or networking outages.
The software is compatible with Kubernetes, an open-source system that automates the creation, growth…
