SaaS company Quali Systems Raises $22.5M In Funding Round Led By JVP

Software company Quali Systems raised $22.5 million in a Series C funding round led by Jerusalem Venture Partners (JVP). Existing investors, including Dell Ventures, Kreos Capital, Evergreen Ventures, Gemini Israel Ventures and ORR Partners, participated in the round.

Quali is a software company focused on automation and orchestration software to deliver environments-as-a-service for digital transformation initiatives aligned with cloud, DevOps and Security. Its inCloudShell platform seeks to help enterprises and service providers increase productivity and efficiency for engineering, sales and security organizations. The company’s customers include Fortune 500 companies.

The funding will be used to accelerate go-to-market growth, increase innovation velocity and expand Quali’s sales footprint in the United States with new offices in the city of Austin, the company says.

Yoav Tzruya, General Partner of Jerusalem Venture Partner, will join Quali’s Board of Directors, taking on the role of Board Chairman. Lior Koriat, CEO, and Boaz Dinte, Managing Partner at Evergreen Ventures, will continue to serve on the board. Board observers will include representatives from Dell Ventures and Kreos Capital.

“Quali is a proven category leader in the Public and Private Cloud Automation category,” Tzruya said in a statement. “With multiple companies addressing the global trend of digital transformation, we constantly witness organizations struggling with streamlining ever-increasing complex deployments. We are encouraged to see existing customers re-engage to deploy more use-cases, as well as additional industries and geographies that are engaging with the company,” he added.

“We’re seeing a strong uptake of our solutions with hundreds of customers globally as they invest in digital transformation initiatives,” said Koriat. “We’re quite pleased to raise this new round of funding and welcome the investment from JVP that has a demonstrated track record of building great companies. The Quali CloudShell platform is a proven leader in the  industry and this new round allows us to accelerate our go-to-market and increase our innovation velocity.”