Total amount raised
$50.1 Millions
Latest funding date
07/01/2021
Location
Blameless has been acquired by FireHydrant, marking a significant milestone in its journey. The platform offers a comprehensive incident management workflow solution designed to help engineering teams manage and resolve incidents more efficiently.
Keep reading to explore the intricacies of Blameless's funding journey and the investors backing this innovative platform.
What Is Blameless?
Blameless operates in the incident management and reliability engineering industry, providing a comprehensive solution to help engineering teams manage and resolve incidents efficiently. Their platform includes tools for incident response, communication, retrospectives, analytics, and SLO management, emphasizing automation and AI to streamline processes and improve reliability.
Founded with a mission to enhance incident management, Blameless has recently been acquired by FireHydrant. This acquisition aims to combine their expertise to offer an even more powerful incident management experience.
How Much Funding Has Blameless Raised?
- Seed Round
- Amount Raised: $3.6M
- 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
- Amount Raised: $16.5M
- Date: March 2019
- Lead Investors: Accel, Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its customer base.
- Series B
- Amount Raised: $30M
- 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 business reach.
Total Amount Raised: $50.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Third Point Ventures
- Details: Third Point Ventures is a venture capital firm that led the $30 million Series B funding round for Blameless. Dan Moskowitz, a partner at Third Point Ventures, will join the Blameless Board of Directors.
- Investment Focus Areas: Technology, engineering efficiency, productivity.
- Notable Investments: Not publicly disclosed.
- Accel
- Details: Accel is a venture capital firm that participated in the Series B funding round for Blameless. Vas Natarajan, a partner at Accel, is a member of the Blameless Board of Directors.
- Investment Focus Areas: Early-stage technology, growth-stage technology, software, internet services.
- Notable Investments: Not publicly disclosed.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that participated in the Series B funding round for Blameless. Ravi Mhatre, a partner at Lightspeed, is a member of the Blameless Board of Directors.
- Investment Focus Areas: Early-stage technology, enterprise technology, consumer sectors, health sectors.
- Notable Investments: Not publicly disclosed.
- Decibel
- Details: Decibel is a venture capital firm that participated in the Series B funding round for Blameless. The firm focuses on investing in innovative technology companies.
- Investment Focus Areas: Technology, innovation, early-stage companies.
- Notable Investments: Not publicly disclosed.
What's Next for Blameless?
Blameless stands at the cusp of significant growth opportunities, driven by the increasing complexity of software engineering and the rising demand for reliable solutions. With the recent $30 million Series B funding, the company is well-positioned to expand its operations, enhance its platform capabilities, and reach a broader customer base, including small and emerging businesses. The acquisition by FireHydrant further amplifies these opportunities, combining strengths to offer a more comprehensive incident management solution.
Future fundraising efforts could be on the horizon as Blameless continues to scale and innovate. The substantial backing from prominent venture capital firms suggests a strong potential for additional funding rounds to support further expansion and product development. However, the company will need to navigate challenges such as intense competition in the SRE market and the complexities of integrating new board members and aligning strategic goals.
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