Total amount raised
$9.3 Million
Latest funding date
2023-04-20
Location
Squadcast has established itself as a key player in incident management and response, particularly for SRE and DevOps teams. The platform offers a range of features including Reliability AI, Unified Incident Management, and Continuous Learning with AI & ML.
Keep reading to explore the intricacies of Squadcast's fundraising journey and the investors backing this innovative platform.
What Is Squadcast?
Squadcast is a platform that specializes in incident management and response, particularly for SRE and DevOps teams. It aims to automate incident response, reduce downtime, and enhance the delivery of tech teams through its Reliability Automation Platform.
Operating within the Incident Management, SRE, DevOps, and IT Service Management industries, Squadcast offers a comprehensive solution designed to streamline on-call and incident response workflows. The platform integrates various tools and services to provide a unified solution for managing incidents, reducing alert noise, and enhancing system reliability.
Squadcast emphasizes transparency, automation, and continuous learning to improve incident response and system reliability. The platform is used by over 500 global businesses and has been recognized in industry reports for its effectiveness and value.
How Much Funding Has Squadcast Raised?
- Grant
- Date: April 2023
- Lead Investors: NetApp Excellerator
- Seed
- Amount Raised: USD 2,100,000
- Date: November 2018
- Lead Investors: Chiratae Ventures, Nexus Venture Partners
- Seed
- Amount Raised: USD 1,200,000
- Date: June 2021
- Lead Investors: Wipro Ventures
- Series Unknown
- Amount Raised: USD 6,000,000
- Date: August 2021
- Lead Investors: DNX Ventures
In total, Squadcast has raised USD 9,300,000 across its funding rounds.
Key Investors
- NetApp Excellerator
- Details: NetApp Excellerator is a startup accelerator program by NetApp, a global cloud-led, data-centric software company. The program aims to support and mentor startups in the data management and cloud computing sectors.
- Investment Focus Areas: Data management, cloud computing, AI & ML.
- Notable Investments: Not publicly disclosed.
- DNX Ventures
- Details: DNX Ventures is a venture capital firm that invests in early-stage B2B startups. They focus on companies that are innovating in enterprise software, cybersecurity, and industrial tech.
- Investment Focus Areas: Enterprise software, cybersecurity, industrial tech.
- Notable Investments: Not publicly disclosed.
- Wipro Ventures
- Details: Wipro Ventures is the strategic investment arm of Wipro Limited, a leading global information technology, consulting, and business process services company. They invest in early to mid-stage startups that align with Wipro's strategic priorities.
- Investment Focus Areas: IT services, consulting, business process services.
- Notable Investments: Not publicly disclosed.
- Chiratae Ventures
- Details: Chiratae Ventures, formerly known as IDG Ventures India, is a leading venture capital firm that invests in early-stage technology startups in India. They have a strong track record of supporting innovative companies across various sectors.
- Investment Focus Areas: Technology, healthcare, consumer media.
- Notable Investments: Flipkart, Myntra, FirstCry.
- Nexus Venture Partners
- Details: Nexus Venture Partners is a venture capital firm that invests in early and growth-stage companies across India and the United States. They focus on sectors that have the potential for significant growth and impact.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Snapdeal, Delhivery, Druva.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Squadcast and gather other critical business insights.
Sign up for free to start making data-driven decisions and stay ahead of the competition by visiting Clay's signup page.
