Total amount raised
$28 Millions
Latest funding date
09/01/2018
Location
Gremlin has successfully raised significant funding over multiple rounds, with its latest being a Series B round. The company specializes in Chaos Engineering, offering a platform designed to enhance system reliability and resilience.
With backing from notable investors like Redpoint Ventures and Amplify Partners, Gremlin continues to innovate in the field of reliability testing. Keep reading to explore the intricacies of Gremlin's fundraising journey and the investors supporting this pioneering platform.
What Is Gremlin?
Founded in 2016, Gremlin is a pioneering company in the field of Chaos Engineering and reliability testing. Headquartered in San Jose, California, Gremlin was established by Kolton Andrus and Matthew Fornaciari.
Gremlin operates within the PaaS and SaaS industries, offering a suite of tools designed to enhance system resilience by simulating real outages. The company employs between 51 and 100 people, focusing on turning potential system failures into opportunities for improvement.
How Much Funding Has Gremlin Raised?
- Series B
- Amount Raised: $18M
- Date: September 2018
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development and expansion of Gremlin's "Failure-as-a-Service" platform.
- Series A
- Amount Raised: $8.8M
- Date: December 2017
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel initial growth and development of the company's services.
- Seed Round
- Amount Raised: $1.3M
- Date: January 2016
- Lead Investors: Amplify Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial product offerings.
Total Amount Raised: $28.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Redpoint Ventures
- Details: Redpoint Ventures is a venture capital firm that invests in startups across various stages. They have a strong presence in the technology sector.
- Investment Focus Areas: Technology, consumer internet, enterprise software, infrastructure
- Notable Investments: Netflix, Stripe, Twilio
- Index Ventures
- Details: Index Ventures is a global venture capital firm that partners with entrepreneurs in various sectors. They support companies at all stages of development.
- Investment Focus Areas: Technology, life sciences, consumer products
- Notable Investments: Dropbox, Slack, Etsy
- Amplify Partners
- Details: Amplify Partners is a venture capital firm that focuses on early-stage investments. They specialize in working with technical founders.
- Investment Focus Areas: Enterprise technology, infrastructure, data, security
- Notable Investments: Datadog, Fastly, Gremlin
What's Next for Gremlin?
Gremlin's future looks promising as it continues to expand its "Failure-as-a-Service" platform, which allows engineers to identify system weaknesses before they impact customers. The launch of Application Level Fault Injection (ALFI) opens new avenues for growth, particularly in serverless environments. With $18 million raised in its Series B round, Gremlin is well-positioned to capitalize on the increasing complexity of web applications and the growing need for system resilience.
Future fundraising opportunities seem likely, given the strong investor interest and the company's ongoing innovation. As Gremlin educates more engineers and CIOs about chaos engineering, it could attract additional venture capital to further enhance its platform. However, challenges such as market competition and the need for continuous innovation remain. Ensuring the scalability and robustness of their solutions will be crucial as they expand their customer base.
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