Why investors are starting to make big bets on Spinnaker, a Netflix-started software project that could be the next big thing in cloud computing

The first wave of cloud-computing startups focused on helping companies simply figure out how to operate in this new world of servers, rented from megaplayers like Amazon Web Services or Microsoft Azure.

Early-stage investors believe the next wave will focus on helping companies maximize their potential across different cloud providers.Advertisement

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Originally developed at the cloud pioneer Netflix, Spinnaker is one such emerging open-source technology that is buzzing around the halls of enterprise-focused investors and WeWork lounges alike. Spinnaker is attracting a growing cast of large and small backers for its continuous integration and deployment technology, which helps software developers quickly and more easily push changes to apps running on a wide variety of cloud or on-premises servers.

According to project backers and venture capitalists, Spinnaker appears to be on the same trajectory that Kubernetes - the Google-created open-source technology that's become something of a standard in the cloud - was on just a few years ago.

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