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It ’s only appropriate that , during AWS ’ grown week of the class , a cloud - based software - as - a - service inauguration closed a hefty financial support around .
DuploCloud , which sells a band of tool to make provisioning apps to public cloud like Google Cloud , Azure and the said AWS easier , today announced that it raised $ 32 million in a Series B funding round of golf go by WestBridge Capital and StepStone Group with involution from exist investor Mayfield .
The tranche bring DuploCloud ’s total invoke to $ 49.5 million , which CEO Venkat Thiruvengadam says will go toward engineering efforts and the platform ’s oecumenical ontogenesis and expansion .
Thiruvengadam was an former engineer in the Azure org at Microsoft before establish DuploCloud . What make him to spring ship ? Technical unfairness in the cloud dev place , he pronounce .
“ Inside Amazon and Azure , they manage millions of workloads with about a thousand applied scientist with the latest and peachy technology for security department , scale and accessibility , while in an mean enterprise every 50 - remaining servers postulate at least one engineer , ” Thiruvengadam told TechCrunch in an e-mail audience . “ There ’s evidently a gap here . ”
DuploCloud assay to bridge this gap with cock to provision cloud infrastructure . install in a customer ’s cloud bill and accessed via a dedicated portal or API , DuploCloud helps prepare up cloud service tie in to networking and security measures as well as databases ( and more ) , along with compliancy controls for all of these .
Our elemental challenger stem from ego - built solutions , whether they ’re in - theater developer operation teams or professional services house , ” Thiruvengadam say . “ We empower developers in the organization to be able to establish and operate their own substructure . We ’re a platform engineering solution that one can grease one’s palms versus construct it themselves and pass one thousand thousand of clam over multiple years . ”
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Evidently , customers identify with DuploCloud ’s mission . allot to Thiruvengadam , annual recur taxation has grown 700 % since 2021 while DuploCloud ’s client base has increase to more than 100 brands .
“ We were establish in 2018 , but really began to go to grocery within the retiring three years , ” he added . “ This period saw an increased requirement for cloud - based resolution and mechanisation tools as businesses look for to maintain operations while transition to remote work surroundings [ during the pandemic ] . DuploCloud is well - lay to sail any slowdown in the tech sector because of our focus on automation and price efficiency , which are crucial for companies see to optimise disbursement during economical downturn … With our gross and the speculation investiture , we now have several old age of runway . ”
Here ’s WestBridge ’s Sumir Chadha on why he trust DuploCloud is a wise to investment : “ Over the past year , DuploCloud has further constitute itself as a driver of outgrowth and product innovation in the DevOps distance . We ’ve been impress with the squad ’s get-up-and-go and commitment to helping their customers surmount and come after , and we ’re beguiled to support the company in the next stage of their outgrowth . ”
DuploCloud , headquartered in San Jose , California , has a team of 72 staffers at present , and expect to hire at least 10 more people before the end of the year .
