Israel’s Komodor Raised $42M For Its Kubernetes Platform
Israeli kubernetes software company Komodor, announced on Thursday the completion of a $42 million Series B funding round to further advance its end-to-end troubleshooting platform.
This comes less than a year after the company’s launch from stealth mode in June 2021 with a total of $25 million raised from a seed and Series A round.
The round was led by investment firm Tiger Global, alongside participation from venture capital firm Felicis, and existing investors Accel, NFX Capital, OldSlip Group, Pitango First, and Vine Ventures.
Kubernetes is a container orchestration system that automates the deployment and management of cloud-native applications using public or company cloud platforms. It is one of the more popular projects of the open-source, vendor-neutral hub Cloud Native Computing Foundation (CNCF) with 5.6 million developers using Kubernetes today ––a 67% increase from last year. Kubernetes has yet to be fully optimized, so companies like Komodor have made it their mission to improve it.
Founded in 2020, Komodor offers its Kubernetes-based troubleshooting platform to developer operations and site reliability engineering teams to reduce the average time it takes to recover from a system malfunction. By collecting data on millions of Kubernetes events each day, the platform is able to adopt new key learnings to automate solutions even faster. In the last nine months, Komodor saw its revenue grow by more than 700 percent and tripled its staff to nearly 50 employees. The company plans to reach 100 employees by the end of 2022.
“There’s a real challenge with day two operations when it comes to Kubernetes,” said Itiel Shwartz, CTO and co-founder of Komodor. “Troubleshooting Kubernetes and resolving incidents at scale can be overwhelmingly complex. Komodor’s platform bakes in all of the necessary intelligence and expertise required to make any engineer a seasoned Kubernetes operator.”
“Komodor is loved by teams adopting Kubernetes because it makes every engineer a confident technical leader and operator,” said John Curtius, partner at Tiger Global. “We are thrilled to be backing Ben and the Komodor team and believe Komodor is a special company.”