OpsLyft, a Software as a service (SaaS) startup based in San Francisco, has raised $500k in seed funding to revolutionize how cloud infrastructure management is dealt with by the DevOps team.
The funding round counted with participation from Anand Chandrasekaran, former Executive VP, Five9 and former CPO at Snapdeal, Shailendra Singh, board member, MarketsandMarkets, Rajesh Yabaji, Co-Founder & CEO, Blackbuck; Ravish Naresh, Co-Founder & CEO, Khatabook; Harsh Pokharna, Co-Founder & CEO, OkCredit; and many more. The capital will allow OpsLyft to boost its product development and go-to-market efforts, as well as to strengthen its team. Anand Chandrasekaran, former EVP Products at Five9, said about the round:
“OpsLyft’s vision of building a comprehensive and modern software layer for DevOps teams is powerful. Their early customer traction with multiple unicorns and fast-growing businesses makes it clear that enterprises can use this platform to better manage their cloud infrastructure and significantly improve developer productivity relative to on-prem tools that are hard to manage. In addition, I am impressed with Aayush and the OpsLyft team’s execution capabilities to build on this momentum.”
OpsLyft was founded with the mission to develop a full-stack DevOps observability and automation platform to make the cloud deployment process easier for DevOps teams around the world. It achieves this by making use of Artificial Intelligence and data analytics to provide them with actionable insights that translate to better automation of workflows, reducing costs, and improving security. Aayush Kumar, Founder and CEO of OpsLyft, said in this regard:
“DevOps space is highly distributed today. For every good automation with respect to cloud cost, infrastructure usage monitoring & security, and others, people have to buy different products or build & maintain their own version of it in-house. This not only creates a massive tools-sprawl with half-baked solutions to the cloud management problems at scale, but also ends up wasting a lot of precious developer time, effort, and money for software companies.”
With cloud computing becoming an increasingly important technology across multiple sectors, the industry now represents over $380 billion which is expected to increase rapidly over the next few years. OpsLyft believes that by facilitating the transition toward cloud-based infrastructure, it can become a major player in the industry while also contributing to the development of a new meta.