Robin.io has announced the closing of a $38M Series C investment in an oversubscribed round. The round was led by Rakuten Capital and joined by Clear Ventures, Emory University, Raine Next-Gen Communications and current investors.

The Series C brings the total capital raised by Robin.io to $86 million.

This latest major backing for the company comes as bookings growth at Robin.io has surpassed 400% quarter-over-quarter when comparing the first two quarters of the current fiscal year. When comparing the current quarter to the same quarter last year, the growth rate is even more dramatic, at 681%. In addition to strong market traction, the company has signed 32 new partnerships during the past year.

Finally, the Robin.io team has grown 57% during the past year, across four countries. All this has been achieved despite the most challenging business conditions brought about by the global COVID-19 pandemic.

Partha Seetala, founder and CEO at Robin.io, said: “Armed with strong market awareness, a broad choice of deployment options and proven successes in massive-scale production environments, Robin.io is well poised for the next phase of market expansion and will continue to invest in product leadership and hire talent across sales, engineering and tech support functions. This Series C round is perfectly timed to support these goals.”