Total amount raised
$13.6 Millions
Latest funding date
02/01/2025
Location
Nirmata has successfully raised funds through multiple rounds, with its latest funding type being a Venture - Series Unknown. The company is backed by notable investors, including Z5 Capital and Dallas Venture Capital.
Keep reading to explore the intricacies of Nirmata's fundraising journey and the investors backing this innovative platform.
What Is Nirmata?
Nirmata, founded in 2017, is a technology startup based in San Jose, California. The company specializes in cloud computing, enterprise software, information technology, and security. It offers a software-as-a-service (SaaS) solution for unified governance, security, and compliance for cloud-native applications and infrastructure.
The company was founded by Damien Toledo, Jim Bugwadia, and Ritesh Patel. Nirmata employs between 11 and 50 people and is known for creating and maintaining Kyverno, a popular CNCF policy engine. Their solutions are widely used across various industries, particularly in regulated sectors like banking, financial services, utilities, healthcare, and life sciences.
How Much Funding Has Nirmata Raised?
- Funding Round: Seed Round
- Amount Raised: $4M
- Date: August 2021
- Lead Investors: Z5 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and product development.
- Funding Round: Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2023
- Lead Investors: Dallas Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance product offerings.
- Funding Round: Venture Round
- Amount Raised: $9.6M
- Date: February 2025
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence, scale go-to-market strategies, and accelerate product development.
Total Amount Raised: $13.6M
Current Valuation: Not publicly disclosed
Key Investors
- Peak XV Surge
- Details: Formerly known as Sequoia Capital India & SEA, Peak XV Surge is a prominent venture capital firm. They led the $9.6 million funding round for Nirmata.
- Investment Focus Areas: Technology, innovation, cloud-native, AI-driven sectors
- Notable Investments: High-growth technology companies
- Dallas Venture Capital
- Details: Dallas Venture Capital is a venture capital firm focused on early and growth-stage companies. They participated in the recent funding round for Nirmata.
- Investment Focus Areas: Early-stage technology companies, software, innovation
- Notable Investments: Early and growth-stage tech companies
- Dreamit Ventures
- Details: Dreamit Ventures is an accelerator and venture capital firm that invests in startups. They participated in the recent funding round for Nirmata.
- Investment Focus Areas: Healthtech, securetech, urbantech
- Notable Investments: Technology startups
- Z5 Capital
- Details: Z5 Capital is a venture capital firm focusing on early-stage technology companies. They are an existing investor in Nirmata and participated in both the recent and previous funding rounds.
- Investment Focus Areas: Early-stage technology companies, software, innovation
- Notable Investments: Technology and innovation
- Uncorrelated Ventures
- Details: Uncorrelated Ventures is a venture capital firm focusing on innovative technology investments. They are an existing investor in Nirmata and participated in both the recent and previous funding rounds.
- Investment Focus Areas: Technology, innovation
- Notable Investments: Technology and innovation
What's Next for Nirmata?
Nirmata is poised to capitalize on the burgeoning demand for cloud-native and AI-driven applications. With a recent $9.6 million funding round, the company aims to expand its global market presence and accelerate product development. The opportunities are vast, with the cloud-native market growing at over 30% CAGR and significant demand for Kubernetes and container technologies. Nirmata's Policy-as-Code solutions, like the Nirmata Control Hub, are well-positioned to automate security across complex cloud environments, addressing the challenges posed by legacy security systems and compliance requirements.
Future fundraising opportunities seem promising as the company continues to scale its operations and product offerings. The rapid growth and market demand suggest potential for additional investment rounds. However, Nirmata will need to navigate challenges such as maintaining security in increasingly complex cloud environments and staying ahead of competitors in the rapidly evolving AI and cloud-native space. Ensuring continuous innovation and seamless integration across diverse IT infrastructures will be crucial for their sustained success.
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