SUNNYVALE — env0, a provider of Infrastructure as Code (IaC) workflow automation and management software, has secured an additional $18.1 million of funding to conclude its Series A investment round with a total of $35.1 million. The company said it grew by 450% in FY 2022, signing a number of new customers including MGM Resorts International, PayPal, VMware, and BCG.
env0 plans to use the new funds to accelerate research and development of new products to scale customer cloud operations safely.
This latest round, which brings env0’s total funding to $41.9 million, is led by Venture Guides, a new firm formed by industry veterans from Bain Capital Ventures. The round includes new investors StepStone Group and Knollwood Investment Advisory, with all existing investors boldstart ventures, Grove Ventures, Microsoft’s M12 and Crescendo Venture Partners participating as well. The funding is Venture Guides’ first major investment from their initial $200 million fund.
“Customers actually enjoy managing their public cloud environments safely at scale with env0,” said Ben Nye, Managing Partner at Venture Guides. “At the same time, developers enjoy a much faster time-to-value with self-service environments, allowing them to deliver more innovative features and products faster. In addition, DevOps teams gain improved security, reduce cloud costs, and enable governance with policy safeguards while avoiding IaC tool vendor lock-in. env0 is the right solution for customers wanting to manage and grow their cloud operations.”
“While IaC tools unlock amazing benefits for businesses and enable rapid iteration and innovation, the biggest rewards can only be realized by scaling it effectively,” said env0 CEO and co-founder Ohad Maislish. “env0 is becoming increasingly important to our customers’ infrastructures. Our solutions help them scale and manage their IaC tools—dramatically cutting their deployment times and enabling self-service for their teams without neglecting compliance.”
