It’s only fitting that, during AWS’s biggest week of the year, a cloud-based software-as-a-service startup has closed a big round of funding.
DuploCloudwhich sells a set of tools to make it easier to deploy apps to public clouds like Google Cloud, Azure and the aforementioned AWS, today announced that it has raised $32 million in a Series B financing round led by WestBridge Capital and StepStone Group with participation from existing investors. Mayfield.
The tranche brings DuploCloud’s total raised to $49.5 million, which CEO Venkat Thiruvengadam said will go towards engineering efforts and the overall growth and expansion of the platform.
Thiruvengadam was an early stage engineer in Microsoft’s Azure org before founding DuploCloud. What made him jump ship? Technically unfair in the cloud dev space, he said.
“Within Amazon and Azure, they manage millions of workloads with nearly a thousand engineers with the latest and greatest technologies for security, scale and availability, while in one a typical business every 50-odd servers needs at least one engineer,” Thiruvengadam told TechCrunch in an email interview. “There’s a clear gap here.”
DuploCloud tries to bridge this gap with tools to provide cloud infrastructure. Installed on a customer’s cloud account and accessed through a dedicated portal or API, DuploCloud helps set up cloud services related to networking and security as well as databases (and more), along with compliance controls for all of them.
Our main competition comes from self-built solutions, whether they are in-house developer operations teams or professional services companies,” said Thiruvengadam. “We empower the developers of the organization to be able to build and operate their own infrastructure. We are a platform engineering solution that one can buy versus building it themselves and spending millions- million dollars over the years.
Obviously, customers identify with DuploCloud’s mission. According to Thiruvengadam, annual recurring revenue has grown 700% since 2021 as DuploCloud’s client base has grown to more than 100 brands.
“We were founded in 2018, but we really started in the market in the last three years,” he added. “This period has seen an increased demand for cloud-based solutions and automation tools as businesses seek to maintain operations while moving to remote work environments (during the pandemic) DuploCloud is well positioned to navigate any slowdown in the technology sector due to our focus on automation and cost efficiency, which is important for companies looking to optimize costs in times of change. economic decline … runway.”
Here’s WestBridge’s Sumir Chadha on why he believes DuploCloud is a smart investment: “Over the past year, DuploCloud has increasingly established itself as a driver of growth and product innovation in the DevOps space. Impressed We believe in the team’s energy and commitment to helping their customers grow and succeed, and we are excited to support the company in its next phase of growth.
DuploCloud, which is headquartered in San Jose, California, has a team of 72 employees at the moment, and hopes to hire at least ten people before the end of the year.