Total amount raised
$4 Millions
Latest funding date
08/01/2023
Location
Facets.cloud has successfully raised $4 million in a seed funding round, attracting a total of eight investors, including notable names like Aneesh Reddy and Pallav Nadhani. The funding aims to further develop their AI-powered orchestration platform, which unifies infrastructure, code, and configuration pipelines.
Keep reading to explore the intricacies of Facets.cloud's fundraising journey and the investors backing this innovative platform.
What Is Facets.cloud?
Facets.cloud, founded in June 2021, operates in the DevOps and PaaS (Platform as a Service) industry. The company is headquartered in San Francisco, California, and has an employee count ranging from 11 to 50. The founders of Facets.cloud are Anshul Sao, Pravanjan Choudhury, and Rohit Raveendran.
Facets.cloud is an AI-powered orchestration platform designed to unify infrastructure, code, and configuration pipelines. The platform aims to standardize building blocks for infrastructure, pipelines, and configuration, enabling platform teams to move faster, enable self-service, and lower operational costs.
How Much Funding Has Facets.cloud Raised?
- Seed Round
- Amount Raised: $4 million
- Date: August 31, 2023
- Lead Investors: 3one4 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding aims to expand Facets.cloud in the US market, promote platform engineering, and enhance product offerings.
Total Amount Raised: $4 million. Current Valuation: Not publicly disclosed.
Key Investors
- 3one4 Capital
- Details: 3one4 Capital is a venture capital firm that led the seed funding round for Facets.cloud. Anurag Ramdasan, a partner at 3one4 Capital, praised Facets.cloud's platform engineering approach.
- Investment Focus Areas: Early-stage technology-driven startups, innovative solutions, industry transformation.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Neon (formerly 100x Entrepreneurs)
- Details: Neon, previously known as 100x Entrepreneurs, participated in the seed funding round for Facets.cloud. The firm focuses on investing in high-growth potential startups.
- Investment Focus Areas: High-growth potential startups, technological innovation.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Abhinav Asthana
- Details: Abhinav Asthana is the founder and CEO of Postman, a popular API development platform. He participated as an angel investor in the seed funding round for Facets.cloud.
- Investment Focus Areas: SaaS, developer tools.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Pallav Nadhani
- Details: Pallav Nadhani is the founder and CEO of FusionCharts, a data visualization company. He is one of the prominent angel investors in Facets.cloud.
- Investment Focus Areas: Data visualization, SaaS.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Aneesh Reddy
- Details: Aneesh Reddy is the founder and CEO of Capillary Technologies, a customer engagement solutions company. He invested in Facets.cloud as an angel investor.
- Investment Focus Areas: SaaS, customer engagement solutions.
- Notable Investments: Specific notable investments are not mentioned in the sources.
What's Next for Facets.cloud?
Facets.cloud is poised for significant growth as it expands into the US market, aiming to generate 50% of its revenue from this region. The company plans to leverage the platform engineering trend to streamline cloud deployment processes, making it easier for developers to self-serve their infrastructure needs. This expansion presents a substantial opportunity for Facets.cloud to enhance its product offerings and attract a broader client base.
Future fundraising opportunities seem promising, given the successful seed round and the company's ambitious growth plans. Additional funding rounds may be necessary to support technological investments and market expansion. However, Facets.cloud will need to navigate challenges such as maintaining its competitive edge in a rapidly evolving industry and ensuring seamless integration with existing toolchains.
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