The investment will enable Convesio to accelerate development of its unique container-based solution and continue to disrupt a market that is slow to innovate.
The investment was secured from a selected group of the private investors, some of whom originally contributed to Convesio’s crowdfunding round in 2019, which raised more than $1M from over 800 individual investors.
The decision to fund further builds on the achievements of Convesio in the last two years, which have validated capabilities of the platform, and the opportunity demonstrated by a growing market. Here, most of the competition still provides costly and complex solutions, based on legacy technology.
“TLC Creative Services specializes in helping large enterprises with in-person and virtual events. Our virtual events business expanded rapidly, offering a customizable online meeting platform solution for corporate clients. On the hosting technology side, we tried many solutions before finding Convesio, including hosting our own servers on Amazon Web Services,” Troy Chollar, President.
“These solutions promised scaling and performance, but we could not get any to deliver without significantly more overhead, complexity and costs. Convesio’s technology has completely streamlined our process for hosting flawless virtual events with thousands of attendees and their team of experts are on standby for real-time support during our live events, making everything run smoothly,” he added.
Investment will accelerate development, increase headcount and sales and improve marketing activities.
Scaling WordPress has never been simpler
The third version of the platform’s release in the last year presented the culmination of more than three years of R&D and fulfillment of Convesio’s core promise: making Enterprise-grade WordPress hosting available to everyone.
Convesio is the only WordPress hosting provider with a scaling product. Any user can deploy an ultra-scalable WordPress website in few minutes, not hours or days, which is actually the typical time frame of the traditional VPS setup.
Thanks to Docker-based architecture and easy-to-use dashboard of Convesio, customers can easily configure auto scaling by setting up the minimum and maximum number of containers to run their website on it. Convesio will automatically deploy and remove additional resources based on what is needed, with the load balancer sharing the traffic equally among each.
Alternatively, more advanced customers can set up custom threshold values triggering scaling events. These are mainly based on various combinations of memory, CPU, and PHP Worker usage.
Performance at scale
As the industry is increasingly focusing on page load speed, hosting providers have claimed to be faster than everyone else. But, published tests and reviews usually do not factor in one major variable: load. The results look very different where hundreds or thousands of visitors navigate and transact on a website simultaneously.
Convesio was made to provide fast experience consistently irrespective of the load, and it solves business-critical challenges of scaling WordPress:
- eCommerce – managing expected or the unexpected surges in the traffic, whether it is a Black Friday kind of event, a flash sale or a viral campaign. Convesio keeps WooCommerce running fast all the time.
- eLearning – where an LMS requires extra grunt as majority of users sign up, login and request content, also on certain days and specific times of the day. Only paying for additional capacity when it is needed.
- Virtual events – Convesio scales resources automatically as attendees come to join and leave live events, whether there are hundreds or thousands of participants at any one given time.
- Online publications – Convesio assists the UX of high traffic publications as well as media sites to stay fast consistently for both visitors of the website and the editorial staff that are drafting, editing and publishing the content in the WordPress Admin.
- Scales ups and larger businesses – Needing a solid foundation to future-proof their requirements of hosting.
Convesio provides peace of mind too, as Vito Peleg of the Atarim Web Agency Summit can attest:
“Running the biggest virtual summit in the WordPress space was a challenge! When we held our first event the system even crashed on the first day, as we were not expecting so many people to join. We learnt our lesson for the next event and Convesio’s team helped us set things up right from the get go and the whole thing, start to finish ran extremely smooth, with 2x the requests we had the year before.”
Convesio was able to manage above 2M requests to 6K visitors from total 91 countries in two days only without any problem and Vito was capable of focusing 100% on running the event.
Scaling down costs
Convesio replaces the need for expensive and complex solutions by offering Enterprise-grade availability and scalability ‘at the click of a button’.
Its true elastic scaling ability is significantly cheaper than its direct competitors, i.e., Enterprise WordPress hosts, or Big Cloud providers like AWS and Google Cloud that offer solutions that are costing thousands of dollars in setting up, administration, and any annual maintenance.
Furthermore, customers pay for additional resources only when they are needed resulting in significant cost savings.
Tom Fanell, Convesio’s CEO, explains the benefit auto scaling has on pricing:
“Traditional hosts put you on a plan to handle the highest level of resources your website needs, even if you only need them 5 hours a month. It’s like leasing a Ferrari to use it for your daily commuting because you also take it to the track for a few laps once a month. With Convesio you get a Honda Civic to drive to the supermarket, which transforms into a BMW 5 Series for longer rides and a Ferrari for your track days. And back to the Honda for school runs.”
A new benchmark for the industry
The container-based WordPress hosting platform of Convesio represents the kind of innovation that helps WordPress economy to thrive in a highly competitive market.
By solving WordPress scalability challenges, Convesio empowers growing businesses with the same fire-power that rivals many times their size, a result closely aligned with WordPress’s own mission to democratize publishing.
The $5M investment will enable Convesio to boost development and grow faster, delivering more tools and resources to its customers to do the same.