Crescendo Venture Partners led the investment with participation from new investor M12 – Microsoft’s venture fund and existing investors; funding to be used to accelerate R&D for its self-service cloud management platform
TEL AVIV, Israel & SUNNYVALE, Calif.–(BUSINESS WIRE)–env0, a developer of self-service cloud management software, today announced a $3.5 million seed extension round, bringing the company’s total funding to $6.8 million. Led by Crescendo Venture Partners with participation from new investor M12 – Microsoft’s venture fund and existing investors Boldstart Ventures and Grove Ventures, the new funding comes just two months after env0 exited stealth to introduce a public beta. The new funds will be used to continue expanding product R&D, as well as accelerate its go-to-market.
“Infrastructure-as-code is an incredibly powerful way to create cloud resources, but it focuses on the technical aspect rather than the business layer and the impact on cloud cost,” said Ohad Maislish, CEO and co-founder of env0. “The investor interest that we received is a validation of the work our team is doing to improve the lives of developers by shifting cloud cost responsibility left with governed and self-service cloud infrastructure. We are thrilled to join forces with our new investors Crescendo and M12, and appreciate the continued support of our existing investors and advisors.”
Self-Service Cloud Management Platform
The env0 platform provides comprehensive automation and management for DevOps and R&D organizations. DevOps and R&D teams appreciate the infrastructure automation and management capabilities of env0 which allow self-provisioning of resources in any virtual environment or public cloud. Instead of waiting for their support ticket to be serviced, env0 allows developers to focus on creating new cloud applications in line with governance policies. Infrastructure teams and engineering leaders, in turn, get unprecedented transparency into every stage of the development process, using the env0 policy engine to track and control cloud costs, allocate resources, and set TTL and scheduling policies that promote best practices as teams scale.
“We are delighted to invest in passionate and focused entrepreneurs that identified a clear and urgent pain,” said Zvi Schechter, General Partner of Crescendo Venture Partners. “env0’s offering around ‘the third datacenter revolution’ is part of the industry trend to streamline DevOps workflows and enable teams to move fast without breaking things. The need for self-service has only become clearer in the last few months as everyone has moved into remote teams with unpredictable schedules.”
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Founded in 2018 by CEO Ohad Maislish and CTO Omry Hay, env0 is the first self-service infrastructure management platform built for today’s infrastructure-as-code (IaC) architecture. Designed to combine governance and cost control with management and automation for any IaC deployment, env0 offers self-service for the entire team across all clouds. env0 is headquartered in Tel Aviv, Israel, with offices in New York and Silicon Valley. For more information, visit www.env0.com.
About Crescendo Venture Partners
Crescendo Venture Partners is The First Israeli “Seed II” Venture Capital Fund, focusing on Israeli software companies in post-seed stage prior to round A, seeking to join ambitious entrepreneurs who want to build sustainable and profitable businesses based on solid foundations and with the potential of becoming category leaders of the future.
For more information, visit www.cr-vp.com.
M12, Microsoft’s venture fund, invests in enterprise software companies primarily in the Series A through C funding stages with a focus on applied AI, business applications, infrastructure, security, and vanguard technologies. As part of its value-add to portfolio companies, M12 offers unique access to strategic go-to-market resources and relationships globally. M12 has offices in San Francisco, Seattle, London, Tel Aviv, and Bengaluru. https://m12.vc