Stacklet's $14.5M Series B Funding Propels Cloud Governance Innovation
June 5, 2024, 3:41 pm
Location: United States, Virginia, Arlington
Employees: 11-50
Founded date: 2020
Total raised: $36.5M
In a significant move that underscores its commitment to revolutionizing cloud governance, Stacklet, a prominent player in the cloud optimization and governance space, has successfully raised $14.5 million in Series B funding. This funding round, spearheaded by SineWave Ventures, marks a pivotal moment for Stacklet, bringing its total funding to an impressive $36.5 million.
Stacklet's core offering lies in its cutting-edge governance as code platform, a solution that has garnered widespread acclaim for its ability to streamline and automate cloud management processes. By leveraging this platform, organizations with extensive cloud infrastructures can optimize costs, enhance security measures, and ensure compliance with regulatory standards. Notable clients such as A+E Networks, Truist, and Educational Testing Services have already reaped the benefits of Stacklet's innovative approach, experiencing significant cost savings and heightened security protocols.
The timing of Stacklet's funding announcement is particularly noteworthy, as the rapid advancement of artificial intelligence technologies continues to drive a surge in cloud adoption across industries. As organizations increasingly turn to cloud computing and AI to drive innovation and efficiency, the need for robust governance solutions becomes more pronounced than ever. Stacklet's platform not only facilitates seamless cloud governance but also aligns with the agile development cycles of modern applications, offering a standardized and user-friendly declarative language for codifying and automating governance processes.
Co-founder and Chief Executive Officer Travis Stanfield emphasized the critical role that automated governance plays in enabling organizations to scale and optimize their cloud environments, especially in times of uncertainty and rapid technological evolution. With the demand for streamlined governance solutions on the rise, Stacklet is well-positioned to meet the evolving needs of its diverse clientele.
The Series B funding round, which saw participation from esteemed investors such as Strait Capital Investment Group, Uncorrelated Ventures LLC, Capital One Ventures LLC, Foundation Capital Management Inc., and Relentless Ventures LLC, underscores the confidence in Stacklet's vision and capabilities. The company's impressive three-fold revenue growth in the past fiscal year further solidifies its position as a key player in the cloud governance landscape.
As Stacklet continues to push the boundaries of cloud governance innovation, its commitment to delivering value-added tools and services that empower organizations to navigate the complexities of cloud management remains unwavering. With a track record of success and a roster of high-profile clients, Stacklet is poised to lead the charge in shaping the future of cloud governance through its forward-thinking approach and commitment to excellence.
Stacklet's core offering lies in its cutting-edge governance as code platform, a solution that has garnered widespread acclaim for its ability to streamline and automate cloud management processes. By leveraging this platform, organizations with extensive cloud infrastructures can optimize costs, enhance security measures, and ensure compliance with regulatory standards. Notable clients such as A+E Networks, Truist, and Educational Testing Services have already reaped the benefits of Stacklet's innovative approach, experiencing significant cost savings and heightened security protocols.
The timing of Stacklet's funding announcement is particularly noteworthy, as the rapid advancement of artificial intelligence technologies continues to drive a surge in cloud adoption across industries. As organizations increasingly turn to cloud computing and AI to drive innovation and efficiency, the need for robust governance solutions becomes more pronounced than ever. Stacklet's platform not only facilitates seamless cloud governance but also aligns with the agile development cycles of modern applications, offering a standardized and user-friendly declarative language for codifying and automating governance processes.
Co-founder and Chief Executive Officer Travis Stanfield emphasized the critical role that automated governance plays in enabling organizations to scale and optimize their cloud environments, especially in times of uncertainty and rapid technological evolution. With the demand for streamlined governance solutions on the rise, Stacklet is well-positioned to meet the evolving needs of its diverse clientele.
The Series B funding round, which saw participation from esteemed investors such as Strait Capital Investment Group, Uncorrelated Ventures LLC, Capital One Ventures LLC, Foundation Capital Management Inc., and Relentless Ventures LLC, underscores the confidence in Stacklet's vision and capabilities. The company's impressive three-fold revenue growth in the past fiscal year further solidifies its position as a key player in the cloud governance landscape.
As Stacklet continues to push the boundaries of cloud governance innovation, its commitment to delivering value-added tools and services that empower organizations to navigate the complexities of cloud management remains unwavering. With a track record of success and a roster of high-profile clients, Stacklet is poised to lead the charge in shaping the future of cloud governance through its forward-thinking approach and commitment to excellence.