Total amount raised
$28.8 Millions
Latest funding date
02/01/2023
Location
Doppler has successfully raised funds through a Series A round, with notable investors such as TRAC and Augusto Marietti among the 29 backers. The platform is designed to securely manage, orchestrate, and govern secrets at scale, integrating seamlessly with popular DevOps tools.
Keep reading to explore the intricacies of Doppler's fundraising journey and the investors backing this innovative platform.
What Is Doppler?
Doppler, founded in 2018, is a developer-first security platform based in San Francisco, California. The company was established by Brian Vallelunga, Phillip Chao, and Thomas Piccirello.
Operating in the fields of apps, information technology, productivity tools, and software, Doppler helps teams manage, orchestrate, and govern secrets at scale. With an employee count ranging from 11 to 50, the platform integrates seamlessly with popular DevOps tools to enhance security and productivity.
How Much Funding Has Doppler Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Doppler's platform.
- Seed Round
- Amount Raised: $2.3M
- Date: October 2020
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Venture Round
- Amount Raised: $6.5M
- Date: March 2021
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and scale operations.
- Series A
- Amount Raised: $20M
- Date: April 2022
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build and scale the first SecretOps platform for developers.
- Series A
- Amount Raised: Not publicly disclosed
- Date: February 2023
- Lead Investors: TRAC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance the platform and expand market reach.
Total Amount Raised: $28.8M
Current Valuation: Not publicly disclosed
Key Investors
- CRV (Charles River Ventures)
- Details: CRV is a venture capital firm that invests in early-stage technology companies. They have a long history of backing successful startups and helping them scale.
- Investment Focus Areas: Enterprise software, consumer services, healthcare
- Notable Investments: Twitter, DoorDash, Zendesk
- Google Ventures (GV)
- Details: Google Ventures, also known as GV, is the venture capital investment arm of Alphabet Inc. They invest in various sectors, including technology, life sciences, and consumer products.
- Investment Focus Areas: Technology, life sciences, consumer products, artificial intelligence
- Notable Investments: Uber, Slack, Nest
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm that has invested in numerous successful companies over the years. They focus on technology and innovation-driven startups.
- Investment Focus Areas: Technology, healthcare, consumer services, financial services
- Notable Investments: Apple, Google, LinkedIn
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding, advice, and connections to early-stage startups. They have a strong track record of nurturing successful companies.
- Investment Focus Areas: Early-stage startups, technology, consumer products, healthcare
- Notable Investments: Airbnb, Dropbox, Stripe
- TRAC
- Details: TRAC is a venture capital firm that focuses on investing in innovative technology companies. They aim to support startups that have the potential to disrupt their respective industries.
- Investment Focus Areas: Technology, software, innovation
- Notable Investments: Not publicly disclosed
What's Next for Doppler?
Doppler is poised to capitalize on the growing need for secure secrets management in an increasingly complex software development landscape. With the rise of remote work and cloud storage, the demand for scalable and secure solutions is higher than ever. Doppler's platform, which already manages over 1.5 million secrets daily for companies like Puma and Hopin, is well-positioned to expand its customer base and feature set.
Future fundraising opportunities seem promising, given the successful Series A round and the involvement of high-profile investors like CRV, Google Ventures, and Sequoia Capital. These funds could help Doppler scale its platform further and enhance its market reach. However, the company will need to navigate challenges such as competition from established players like AWS Secrets Manager and HashiCorp Vault, and ensure seamless integration with a wide range of tools and platforms.
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