Duplocloud raises $15M for low/no-code infrastructure automation platform
DuploCloud announced this week it has closed a $15 million Series A funding round led by global venture capital firm Mayfield, with participation from existing seed investor, Monta Vista Capital. These funds bring the total capital raised to date to $17.5 million. Driven by the increasing skills gap for DevOps engineers, DuploCloud’s DevOps-as-a-Service platform is being embraced by startups and mid-sized businesses, as well as others migrating applications to the cloud.
Built by the original engineers of Microsoft Azure and AWS, DuploCloud’s no-code/low-code platform is the easiest to use and fastest to deploy for cloud infrastructure automation and compliance. From infrastructure provisioning and application deployment to security controls and alerts, the solution has been designed to meet all the cloud infrastructure needs of growing companies.
Since its debut in 2018, DuploCloud has experienced unprecedented demand for its solution, resulting in 270% year-over-year revenue growth. The new funds will be used to drive product improvements and innovation, expand the sales and marketing teams and enhance the company’s global footprint.
“The global DevOps shortage is very real and we are excited to partner with Mayfield to expand our software and service offering, and grow the company to meet industry demand,” says Venkat Thiruvengadam, Founder and CEO of DuploCloud. “We are well on our way toward delivering on our mission of empowering both application developers and DevOps engineers to create and quickly launch secure and compliant cloud-based applications.”
DuploCloud has been powering the creation of cloud applications for dozens of emerging and growth-stage companies. Customers such as Kami Vision and Uniphore can attest to launching fully-compliant apps months ahead of schedule and the ability to implement hundreds of infrastructure changes with minimal to no DevOps resources.
Most cloud security software solutions are employed for post-provisioning and monitoring of the security and compliance controls, limiting their impact to a mere 30% of the entire solution. This leaves the core of the problem to be solved by human DevOps experts writing thousands of lines of automation code. DuploCloud on the other hand is fundamentally a provisioning system with built-in compliance controls, then adds monitoring and auditing. The solution frees DevOps engineers from the mundane tasks, allowing them to focus on activities that truly differentiate the business.
“By elevating the developer and accelerating the delivery of delightful secure cloud applications, DuploCloud joins the wave of iconic devcentric companies that have been created over the last decade,” adds Navin Chaddha, managing director of Mayfield. “Venkat and his team have felt the pain directly, so have built a comprehensive DevOps as a service product with a low-code/no-code model which has resulted in their momentum.”
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Article Topics
application development | automation | compliance | DevOps | DuploCloud | no-code
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