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DuploCloud Secures $32 Million in Series B Funding to Drive DevOps Automation Innovation

DuploCloud, a DevOps automation Platform provider, has announced the successful closure of a $32 million Series B funding round. This round was spearheaded by WestBridge Capital and StepStone Group, with participation from previous investor Mayfield. The substantial influx of capital is set to catalyze the growth of DuploCloud's team and the advancement of its cutting-edge product offerings.

DuploCloud has carved a prominent niche with its 'DevOps on Autopilot' platform, offering a comprehensive solution that encompasses full-stack DevOps automation combined with built-in compliance features. The company's innovative approach aims to streamline and enhance the DevOps process for fast-growing SaaS companies and platform engineering teams.

This new funding round firmly cements DuploCloud's position as a frontrunner in the platform engineering segment. Traditionally, organizations embarked on labor-intensive, do-it-yourself efforts, hiring dozens of engineers and investing millions of dollars over multiple years to address their DevOps needs. DuploCloud's innovative platform represents a transformative shift in this landscape, making it more accessible and efficient.

With this latest funding injection, DuploCloud's total capital raised now stands at an impressive $49.5 million, following a $15 million Series A round in 2022 and a Seed round in 2021.

Founded in 2018 by the original engineers behind Microsoft Azure and AWS, DuploCloud has achieved remarkable growth and made a significant impact on the world of low code/no code DevOps automation and compliance. Over the past year, the company has rapidly expanded its customer base, becoming the preferred solution for organizations seeking to optimize their DevOps processes and accelerate their go-to-market strategies.

DuploCloud's platform has played a pivotal role in empowering companies to move swiftly while maintaining operational efficiency, reducing friction, and fostering seamless collaboration among DevOps and developer teams.

The company's achievements are underscored by impressive figures, including a 700% growth in annual recurring revenue since its seed round in 2021 and recognition in this year's prestigious Inc 5000 list, marking its ascent in the industry.

Venkat Thiruvengadam, CEO and Founder of DuploCloud, commented on the company's mission, saying, "When we started DuploCloud, DevOps teams would equate automation with DevOps engineers writing thousands of lines of Infrastructure-as-code templates that made their own daily work more efficient while developers had no self-service and were waiting days for requested infrastructure changes. With the advent of platform engineering, there is a realization that developers need to be empowered. Infrastructure-as-Code won’t do it, which is why we want to make this platform available off-the-shelf so companies don’t have to spend millions of dollars and years building it themselves."

Sumir Chadha, Managing Partner of WestBridge Capital, expressed admiration for DuploCloud's growth and commitment, stating, "Over the past year, DuploCloud has further established itself as a driver of growth and product innovation in the DevOps space. We’ve been impressed with the team’s energy and commitment to helping their customers scale and succeed, and we’re delighted to support the company in the next stage of their growth."

John Avirett, partner at StepStone Group, highlighted DuploCloud's potential in the DevOps automation market, saying, "DuploCloud is poised to take advantage of the tremendous growth in the DevOps automation market. With their innovative solutions and outstanding executive leadership, DuploCloud has not only tapped into a crucial need within the DevOps space but is poised to lead the charge in the industry's rapid evolution, and we’re excited to see what the next several years bring in growth and opportunity for the company."

This Series B funding positions DuploCloud for continued innovation and expansion in the platform engineering and DevOps automation sectors, reaffirming its commitment to simplifying and improving the DevOps landscape for organizations worldwide.


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