Tiger Global funds Komodor’s Kubernetes troubleshooting tools with a $42M B round
Komodor, a startup providing a reliability platform focused on Kubernetes, announced a $42 million Series B funding. Developers are eyeing Kubernetes as one of the main application management tools for edge workloads. The funding round was led by Tiger Global with participation from Accel, Felicis Ventures, NFX Capital, OldSlip Group, and Pitango First.
The company has raised a total of $67 million to date, and revealed growth plans in the near future that will help developers run Kubernetes applications reliably.
After the Series A funding round in May 2021, Konodor tripled the size of its team and plans to double again to 100 employees before the end of the 2022. Other plans include acceleration of the research of Kubernetes incidents and integrating innovative solutions into the platform. Expansion of Komodor to address more challenges of “Day 2” Kubernetes operation and make Komodor a 5-minute self-service onboarding solution are also part of the product plans.
“There’s a real challenge with Day 2 operations when it comes to Kubernetes,” says Itiel Shwartz, CTO and co-founder of Komodor. “Troubleshooting Kubernetes and resolving incidents at scale can be overwhelmingly complex. Komodor’s platform bakes in all of the necessary intelligence and expertise required to make any engineer a seasoned Kubernetes operator.”
Kubernetes provides an abstraction between the infrastructure layer and application, enabling developers to quickly develop, deploy and manage applications. The Kubernetes application lifecycle is simplified in comparison to a software application with only three phases — Day 0, Day 1, and Day 2. In the first phase of the lifecycle, the developer makes decisions related to the Kubernetes platform, such as public cloud, private cloud, or on-premises options. In the second phase, the developer needs to consider the ways to deploy applications on the Kubernetes clusters. Most importantly, on the Day 2 of the lifecycle (also referred to as Operate), the developer needs to maintain the infrastructure and keep the system working efficiently.
“Komodor is loved by teams adopting Kubernetes because it makes every engineer a confident technical leader and operator,” said John Curtius, Partner at Tiger Global. “We are thrilled to be backing Ben and the Komodor team and believe Komodor is a special company.”
The company started off with significant validation from industry leaders who invested in the firm, including Jason Warner, CTO of GitHub; Mike Tria, head of platform at Atlassian; Danny Grander, co-founder of Snyk; and Tomer Levy, CEO of Logz.io.
The funding marks yet another investment for Tiger Global in a busy start to 2022. In Q1 of 2022, Tiger Global Management has invested over $7.6B of capital according to Crunchbase, which is nearly 1.5X the investment made by SoftBank Vision Fund at $5.4B and over 3X of Sequoia Capital at $2.6B. The biggest investment by Tiger Global this year was the $768M Series E for Getir, an Istanbul-based on-demand delivery service, followed by a $530M Series D for Paris-based online bank Qonto, and $273M Series C for French wholesale marketplace Ankorstore. Some of the new-age tech startups backed by Tiger Global are Armo, a Tel Aviv-based software company, CertiK, New York-based blockchain security startup, and AI-chip firm Deep Vision.
Article Topics
application management | edge orchestration | Komodor | Kubernetes | observability | Tiger Global | venture capital
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