Total amount raised
$29.3 Million
Latest funding date
2/1/2024
Location
Orkes has successfully raised funding over two rounds, with the latest being a Series A round involving Nexus Venture Partners and Battery Ventures. The platform specializes in microservices and workflow orchestration, integrating AI agents, human oversight, and microservices into seamless workflows.
Keep reading to explore the intricacies of Orkes' fundraising journey and the investors backing this innovative platform.
What Is Orkes?
Orkes is a microservices and workflow orchestration platform based in Cupertino, California. The company operates in industries such as apps, artificial intelligence, cloud computing, and open source. It has a small team of 11-50 employees.
Orkes provides a modern workflow orchestration platform designed to build AI agents and workflows with built-in reliability, observability, and control. The platform supports various use cases across multiple industries and offers extensive resources for developers, including SDKs and APIs in multiple programming languages.
How Much Funding Has Orkes Raised?
- Seed Round
- Amount Raised: USD 9,300,000
- Date: February 2022
- Lead Investors: Battery Ventures, Vertex Ventures US
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build out the Orkes team, create an enterprise ecosystem, and support the Conductor open-source platform and community.
- Series A Round
- Amount Raised: USD 20,000,000
- Date: February 2024
- Lead Investors: Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, develop the product further, and expand the market reach.
Total amount raised: USD 29,300,000. Current valuation: Not publicly disclosed.
Key Investors
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies. They have a strong presence in India and the U.S., focusing on technology and consumer businesses.
- Investment Focus Areas: Technology, consumer businesses, enterprise software
- Notable Investments: Postman, Druva, Delhivery
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that invests in companies at all stages of their growth. They have been in operation since 1983 and have a portfolio that spans across various sectors.
- Investment Focus Areas: Cloud, open-source, data-focused companies
- Notable Investments: Nutanix, Coupa, Databricks
- Vertex Ventures US
- Details: Vertex Ventures US is a venture capital firm that invests in early-stage technology companies. They are part of the global Vertex Ventures network, which has a presence in the U.S., China, Israel, India, and Southeast Asia.
- Investment Focus Areas: Early-stage technology, microservices, cloud infrastructure
- Notable Investments: Grab, Mobike, PerimeterX
What's Next for Orkes?
Orkes stands at the cusp of significant growth, driven by the increasing adoption of microservices and workflow orchestration. With the launch of Orkes Cloud, the company is poised to simplify operational complexities for enterprises, allowing them to focus on building business logic and architecting complex applications. The potential to expand support to Google Cloud Platform and Azure further broadens their market reach.
Future fundraising opportunities are likely as Orkes continues to enhance its enterprise features and support for Conductor. The company’s ability to attract additional investment will be crucial in scaling its operations and expanding its customer base, which already includes major companies like Tesla and Oracle.
However, Orkes may face challenges such as competition from other platforms and the need to ensure high availability and security for their managed services. Scaling the team to meet growing demand will also be essential. Despite these hurdles, the company’s strong foundation and innovative approach position it well for future success.
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