Total amount raised
$50.1 Million
Latest funding date
07/01/2021
Location
Blameless has successfully raised funding over three rounds, with the latest being a Series B round led by Third Point Ventures. The company is backed by six investors, including Decibel Partners and Accel.
Keep reading to explore the intricacies of Blameless's fundraising journey and the investors backing this innovative platform.
What Is Blameless?
Blameless is an IT software development firm specializing in site reliability engineering (SRE) platforms. The company operates out of San Mateo, California, and has an employee count ranging from 51 to 100.
Founded to enhance reliability and streamline incident management, Blameless has been acquired by FireHydrant. The company has successfully raised funding through three rounds, with the latest being a Series B round.
How Much Funding Has Blameless Raised?
- Seed Round
- Amount Raised: USD 3,600,000
- Date: April 2018
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and emerge from stealth mode.
- Series A Round
- Amount Raised: USD 16,500,000
- Date: March 2019
- Lead Investors: Accel, Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development in the IT software and SRE platform space.
- Series B Round
- Amount Raised: USD 30,000,000
- Date: July 2021
- Lead Investors: Third Point Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, expand operations, and increase the company's business reach.
Total Amount Raised: USD 50,100,000. Current Valuation: Not publicly disclosed.
Key Investors
- Third Point Ventures
- Details: Third Point Ventures is a venture capital firm that focuses on technology and innovation-driven companies. Dan Moskowitz, a partner at Third Point Ventures, will join the Blameless Board of Directors.
- Investment Focus Areas: Technology, innovation-driven companies.
- Notable Investments: Not publicly disclosed.
- Accel
- Details: Accel is a global venture capital firm that invests in early-stage and growth-stage technology companies. Vas Natarajan, a partner at Accel, is already a member of the Blameless Board of Directors.
- Investment Focus Areas: Early-stage technology, growth-stage technology.
- Notable Investments: Not publicly disclosed.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. Ravi Mhatre, a partner at Lightspeed, is already a member of the Blameless Board of Directors.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Not publicly disclosed.
- Decibel
- Details: Decibel is a venture capital firm that focuses on early-stage investments in enterprise technology companies. The firm participated in Blameless's Series B funding round.
- Investment Focus Areas: Early-stage enterprise technology.
- Notable Investments: Not publicly disclosed.
What's Next for Blameless?
Blameless stands at the cusp of significant growth opportunities, driven by its recent $30 million Series B funding. The company aims to expand into mainstream sectors like enterprise, logistics, and healthcare, while also enhancing its go-to-market strategy and product development. This expansion is bolstered by the increasing demand for Site Reliability Engineering (SRE) solutions, which are becoming essential for companies seeking to improve system reliability and incident management.
Future fundraising opportunities appear promising as Blameless continues to grow and attract interest from prominent venture capital firms. The company's robust platform and market potential suggest that additional funding rounds could be on the horizon to support further scaling and development. However, Blameless will need to navigate challenges such as competition from other SRE service providers and the complexities of scaling operations while maintaining service quality.
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