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Home > Cloud Computing > Komodor raises $42 Million Series B funding round

Komodor raises $42 Million Series B funding round

Komodor announced that the company has raised $42 million in Series B funding round led by Tiger Global.

Erdem Yasar by Erdem Yasar
May 16, 2022
in Cloud Computing
2 min read
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Komodor raises $42 Million Series B funding round
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The continuous reliability platform dedicated to Kubernetes, Komodor announced a $42 Million Series B funding round. The round was led by Tiger Global with participation from Felicis and existing investors Accel, NFX Capital, OldSlip Group, Pitango First, and Vine Ventures. With the latest funding round, Komodor’s total funding was increased to $67 million since the launch out of stealth less than a year ago.

Continuous Reliability Platform for Kubernetes

The company’s automated approach to incident resolution accelerates response times, reduces MTTR, and empowers dev teams to resolve issues efficiently and independently. The platform ingests millions of Kubernetes events each day and then bakes the key learnings directly into the platform. Komodor launched Playbooks & Monitors that will alert on emerging issues, uncover their root cause, and provide the operators with simple-to-follow remediation instructions. Some of the company’s highlights are:

  • Raised $67 Million in total funding from Accel, Felicis Ventures, NFX Capital, OldSlip Group, Pitango First, and Tiger Global.
  • Industry-leading angel investors include Jason Warner, CTO of GitHub; Mike Tria Head of Platform at Atlassian; Danny Grander, Co-Founder of Snyk; Tomer Levy, CEO of Logz.io and others.
  • Recognized as a Cool Vendor based on the October 11, 2021 report titled “Cool Vendors in Monitoring and Observability – Modernize Legacy, Prepare for Tomorrow.”
  • Tripled the team size to nearly 50 employees in the last nine months, with plans to reach 100 employees by the end of the year.
  • Revenue growth over 700% in the last 9 months.
Ben Ofiri, CEO and Co-Founder of Komodor
Ben Ofiri, CEO and Co-Founder of Komodor

Ben Ofiri, CEO and Co-Founder of Komodor said,

« We’re scaling incredibly fast, directly alongside the massive adoption of Kubernetes. Since the Series A, we’ve tripled the size of our team, and we plan to double again before the end of the year. We have talented engineers researching all of the ways things go sideways in Kubernetes, and we package this knowledge into automated playbooks for the benefit of our customers. »

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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