REDWOOD CITY, Calif.,
Oct. 16, 2021 /PRNewswire-PRWeb/ --
Poland and US-based startup
Spacelift has raised $15m in Series B
funding led by Insight Partners to scale its management platform
for Infrastructure as Code in the US market. Existing investors
Blossom Capital, Inovo Venture Partners, and Hoxton Ventures also
participated in the round.
This new investment will allow Spacelift to quadruple its
engineering team to accelerate product development and to build out
its commercial team in the United
States. The company is headquartered in Redwood City, California, USA, and has an
office in Warsaw, Poland.
Over the past few years, managing cloud infrastructure has
become significantly more complex. The migration of infrastructures
to the cloud has created an explosion in DevOps, but few
overarching tools exist to help teams of developers safely manage
infrastructure as code at scale. Spacelift has created a
plug-and-play platform that allows IaC DevOps teams to: define
standardized infrastructures; understand their resources; build
policies directly into their workflows and code; synchronize code
across multiple projects and/or repositories; automatically detect
and remediate resource drift, track lifecycle and cost of every
managed resource; and take advantage of advanced workflow
delegations and autonomous project teams.
"With the growth of cloud-native development and DevOps
practices, infrastructure as code has become the standard way to
provision infrastructure, and Spacelift is addressing an acute need
around infrastructure as code management, automation, and security
and compliance," said Josh Zelman,
Vice President at Insight Partners. "Spacelift enables developers
and DevOps teams to more easily and effectively manage
infrastructure across all platforms. In speaking with DevOps teams
within the Insight portfolio, we continuously heard about this need
and the strength of the Spacelift platform. Insight is thrilled to
partner with Spacelift and support its ScaleUp efforts in its next
phase of growth."
Spacelift is the only IaC management solution that extends IaC
DevOps to encompass the complete set of IaC frameworks including
Terraform, Pulumi and CloudFormation, with Ansible coming soon.
Offering a consolidated approach to IaC is beneficial to
engineering teams in large corporations that have been acquiring
smaller companies that bring different infrastructures and to
smaller but diverse organizations aiming to empower application
developers.
Marcin Wyszynski, co-founder and CEO at Spacelift, said: "Since
we've founded Spacelift, we've seen a Cambrian explosion of new
tools designed for teams to make the most of their cloud – ranging
from cost management to audit to proactive security. Hence our
vision of providing the most flexible and extensible platform for
infrastructure and policy as-code is now more relevant than ever
before. By using Spacelift, our customers get the whole cloud
management story in one convenient package."
Pawel Hytry, co-founder and COO
at Spacelift, said: "Over the past few years, IT organizations
relied on generic CI/CD tools, open-source components and
custom-made solutions to manage their infrastructure. With
increasing infrastructure complexity and development of
infrastructure as code, this approach proves unscalable and
error-prone. Spacelift addresses the issues of scaling and
infrastructure complexity by providing a robust, specialized
management platform for infrastructure as code. We are eager to
partner with Insight Partners and benefit from their experience in
the developer tools space."
About Spacelift:
Spacelift is building a platform to help DevOps teams manage
their infrastructure-as-code performance for maximum optimization
of scaling businesses. Founded in 2020, the management platform
allows teams to manage complex cloud infrastructures
simultaneously, providing visibility and collaboration.
About Insight Partners:
Insight Partners is a leading global venture capital and private
equity firm investing in high-growth technology and software
ScaleUp companies that are driving transformative change in their
industries. Founded in 1995, Insight Partners has invested in more
than 400 companies worldwide and has raised through a series of
funds more than $30 billion in
capital commitments. Insight's mission is to find, fund, and work
successfully with visionary executives, providing them with
practical, hands-on software expertise to foster long-term success.
Across its people and its portfolio, Insight encourages a culture
around a belief that ScaleUp companies and growth create
opportunity for all. For more information on Insight and all its
investments, visit insightpartners.com or follow them on Twitter
@insightpartners.
Media Contact
Gosia Hytry, Spacelift, +1 (617)
817-8816, gosiah@spacelift.io
Peter Christensen, Spacelift,
(617) 817-8816, peterc@spacelift.io
SOURCE Spacelift