It’s solely applicable that, throughout AWS’ largest week of the yr, a cloud-based software-as-a-service startup closed a sizeable funding spherical.
DuploCloud, which sells a set of instruments to make provisioning apps to public clouds like Google Cloud, Azure and the aforementioned AWS simpler, as we speak introduced that it raised $32 million in a Collection B financing spherical led by WestBridge Capital and StepStone Group with participation from current investor Mayfield.
The tranche brings DuploCloud’s whole raised to $49.5 million, which CEO Venkat Thiruvengadam says will go towards engineering efforts and the platform’s normal progress and enlargement.
Thiruvengadam was an early engineer within the Azure org at Microsoft earlier than founding DuploCloud. What brought on him to leap ship? Technical inequity within the cloud dev house, he says.
“Inside Amazon and Azure, they manage millions of workloads with about a thousand engineers with the latest and greatest technology for security, scale and availability, while in an average enterprise every 50-odd servers require at least one engineer,” Thiruvengadam instructed TechCrunch in an electronic mail interview. “There’s obviously a gap here.”
DuploCloud makes an attempt to bridge this hole with instruments to provision cloud infrastructure. Put in in a buyer’s cloud account and accessed by way of a devoted portal or API, DuploCloud helps arrange cloud providers associated to networking and safety in addition to databases (and extra), together with compliance controls for all of those.
Our main competitors stems from self-built options, whether or not they’re in-house developer operations groups or skilled providers companies,” Thiruvengadam mentioned. “We empower developers in the organization to be able to build and operate their own infrastructure. We’re a platform engineering solution that one can buy versus building it themselves and spending millions of dollars over multiple years.”
Evidently, prospects determine with DuploCloud’s mission. In response to Thiruvengadam, annual recurring income has grown 700% since 2021 whereas DuploCloud’s consumer base has elevated to greater than 100 manufacturers.
“We were founded in 2018, but really began to go to market within the past three years,” he added. “This period saw an increased demand for cloud-based solutions and automation tools as businesses sought to maintain operations while transitioning to remote work environments [during the pandemic]. DuploCloud is well-positioned to navigate any slowdown in the tech sector because of our focus on automation and cost efficiency, which are crucial for companies looking to optimize expenses during economic downturns … With our revenue and the venture investment, we now have several years of runway.”
Right here’s WestBridge’s Sumir Chadha on why he believes DuploCloud is a sensible funding: “Over the past year, DuploCloud has further established itself as a driver of growth and product innovation in the DevOps space. We’ve been impressed with the team’s energy and commitment to helping their customers scale and succeed, and we’re delighted to support the company in the next stage of their growth.”
DuploCloud, headquartered in San Jose, California, has a workforce of 72 staffers at current, and expects to rent at the least ten extra folks earlier than the tip of the yr.
