Total amount raised
$12.1 Millions
Latest funding date
06/01/2019
Location
Aptible has successfully raised funding through a Series A round, with notable investors including Tamarind Hill and Maverick Ventures. The platform offers secure, reliable, and compliant cloud infrastructure tailored for startups.
Keep reading to explore the intricacies of Aptible's fundraising journey and the investors backing this innovative platform.
What Is Aptible?
Aptible, founded in 2013 by Chas Ballew and Frank Macreery, is a Platform as a Service (PaaS) company based in San Francisco, California. The company specializes in providing secure, reliable, and compliant cloud infrastructure for startups and scaling companies.
With a team of 51-100 employees, Aptible automates the work of provisioning, managing, and scaling infrastructure, allowing developers to focus on their product. The platform ensures compliance with standards like HIPAA, HITRUST, and SOC 2, and offers features such as zero-downtime deployments and managed databases with automatic backups.
How Much Funding Has Aptible Raised?
- Seed Round
- Amount Raised: $120K
- Date: August 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine the platform's features.
- Series A
- Amount Raised: $12M
- Date: June 2019
- Lead Investors: Maverick Ventures, Tamarind Hill
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch Aptible Comply, a new software-as-a-service security management platform.
Total Amount Raised: $12.12M. Current Valuation: Not publicly disclosed.
Key Investors
- Maverick Ventures
- Details: Maverick Ventures is a private investment firm that focuses on a wide range of sectors. They are known for their strategic investments in technology, healthcare, and consumer goods.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Not publicly disclosed
- Thrive Capital
- Details: Thrive Capital is a venture capital firm that invests in internet and software companies. They have a reputation for backing high-growth startups.
- Investment Focus Areas: Internet, software
- Notable Investments: Not publicly disclosed
- Western Technology Investment
- Details: Western Technology Investment provides debt and equity capital to early and mid-stage technology companies. They have a long history of supporting tech startups.
- Investment Focus Areas: Early-stage technology, mid-stage technology
- Notable Investments: Not publicly disclosed
- Tamarind Hill
- Details: Tamarind Hill is an investment firm that focuses on early-stage companies. They are known for their strategic support and guidance to startups.
- Investment Focus Areas: Early-stage companies
- Notable Investments: Not publicly disclosed
What's Next for Aptible?
With the successful launch of Aptible Comply, the company is poised to capitalize on the growing demand for automated security and compliance workflows. This opportunity is substantial, given the increasing need for businesses to adhere to stringent regulations and security standards. The $12 million raised in their Series A funding round provides a solid financial foundation to expand their offerings and enhance product features.
Future fundraising opportunities seem promising as Aptible continues to grow and scale its solutions. The company may seek additional funding rounds to further develop its technology stack and enter new markets. However, challenges such as competition from other security and compliance solution providers and the need to keep up with evolving regulations could pose hurdles along the way.
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