Total amount raised
Latest funding date
Location
Squadcast has successfully raised funding to enhance its platform, which focuses on incident management and response for SRE and DevOps teams. The platform integrates on-call management, incident response, and reliability workflows to automate processes and reduce downtime.
Keep reading to explore the intricacies of Squadcast's fundraising journey and the investors backing this innovative platform.
What Is Squadcast?
Squadcast is a comprehensive platform designed to automate incident response, reduce downtime, and enhance the delivery capabilities of tech teams. It offers a unified interface for on-call management, incident response, and reliability automation. The platform integrates with various tools and provides features like Reliability AI, Unified Incident Management, and Service Reliability Management.
Operating within the IT Service Management industry, Squadcast focuses on incident management and reliability automation for SRE and DevOps teams. The company aims to improve operational efficiency, reduce alert fatigue, and foster a culture of continuous learning and improvement. Recently, Squadcast was acquired by SolarWinds, combining observability and automated incident response into a unified solution.
How Much Funding Has Squadcast Raised?
- Seed Round
- Amount Raised: $1.5 million
- Date: January 2019
- Lead Investors: Nexus Venture Partners
- Series A
- Amount Raised: $6 million
- Date: March 2020
- Lead Investors: Accel
- Series B
- Amount Raised: $12 million
- Date: June 2021
- Lead Investors: Sequoia Capital
Squadcast has raised a total of $19.5 million in funding.
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, Healthcare
- Notable Investments: Delhivery, Druva, Postman
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional founders with unique insights. They have a long history of investing in companies that have become market leaders.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: Facebook, Slack, Dropbox
- Sequoia Capital
- Details: Sequoia Capital is one of the most renowned venture capital firms in the world. They have a track record of investing in companies that have transformed industries.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Apple, Google, Airbnb
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