DevOps Modernization Platform Devtron Announces $12 million in Funding from Global Software Investor Insight Partners
Devtron, the open source internal DevOps platform democratizing Kubernetes adoption, announced today that it has raised $12 million in new funding led by global software investor Insight Partners. The new round follows previous investments from Leo Capital and several marquee angels. Devtron will use the new capital to scale its team, drive adoption of its platform and expand into new markets.
The cloud-native space has seen the introduction of a wide array of open-source DevOps tools built for solving for very specific use cases, and as a result, DevOps teams today have too many narrow choices. Moreover, these tools are not built to work together seamlessly or be integrated into a singular platform to empower the development team.
This is where Devtron steps in. Devtron provides a low-code software delivery platform for Kubernetes built on popular open-source tools like Argo and Clair. The platform encompasses cluster provisioning, application management, and security among other functionality in the CI/CD workflow. Devtron takes a visual-first approach by providing a GUI that abstracts away underlying infrastructure, enabling intuitive features like one-click deployment on a central dashboard. Conceptualized as “DevOps in a box,” startups and growth-focused mid-sized enterprises using Devtron’s platform can focus on building their core business and competitive advantage while Devtron quickly matures DevOps practices within the organization, enabling significant resource optimization by providing autonomy to the development team.
With Devtron, companies have been able to reduce their Kubernetes maturity journey from a year to months. In some cases, companies with more than 50 microservices have onboarded Kubernetes within 15 days. Additionally, post-adoption companies have witnessed 5x improvement in their deployment speed with more than 90% reduction in their change failure rate and 70% reduction in mean time to recovery.
“We are elated to have Insight Partners join our board together with the continued trust of Leo Capital and other angel investors,” said Prashant Ghildiyal, Co-Founder and CEO of Devtron, and Rajesh Razdan, Co-Founder and CBO. “Since becoming open source, we have seen thousands of nimble startups across the globe installing Devtron every month along with many fast-growing startups as our commercial customers. It’s an exciting time of growth and development of our market-defining product.”
“Devtron integrates with products across the lifecycle of microservices, and in particular Kubernetes, enabling its users to deploy faster and automate their CI/CD pipelines without worrying about Kubernetes knowhow. This saves significant time and resources to build and deploy in production,” said Josh Zelman, Principal at Insight Partners. “We couldn’t be more excited to partner with Prashant, Nishant and Rajesh on this exciting next chapter in Devtron’s growth journey.”
Devtron was co-founded in 2019 by Prashant Ghildiyal, Nishant Kumar & Rajesh Razdan. In their previous roles as Head of Technology and software architects in fast growing, category-leading startups, Prashant and Nishant experienced the challenges of scaling DevOps firsthand. Each startup would build their own Frankenstein version of a DevOps platform by gluing together disparate open-source tools built by different organizations, which would push their product roadmap back months, if not years. This is where the roots of Devtron first germinated. Rajesh, an angel investor, and seasoned entrepreneur with an enterprise software background, immediately identified the value of this platform and joined forces with Prashant and Nishant.
Devtron is a software delivery platform for Application management on Kubernetes. It enables DevOps team to quickly improve the maturity of the DevOps practices within the organization by providing autonomy to the development team along with a fully collaborated environment overseen by the DevOps team. Based in the US and India, Devtron has seen continued adoption across US, Europe, and India with some of the fast-growing companies as its heavy users.
For more information about Devtron, visit https://devtron.ai/ or follow us on Twitter @DevtronL
About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2022, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 700 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with right-sized, right-time practical, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.