Infrastructure as Code (IaC) workflow automation and management software provider, env0, has successfully concluded its Series A investment round by securing an additional $18.1 million, bringing the total funding to $35.1 million. The company experienced significant growth, with a 450% increase in FY 2022.
It also welcomed new customers such as MGM Resorts International, PayPal, and VMware. The newly raised funds will be used to accelerate research and development for new products aimed at scaling customer cloud operations securely.
Led by Venture Guides, an emerging firm formed by industry veterans from Bain Capital Ventures, the funding round also includes participation from new investors StepStone Group and Knollwood Investment Advisory. Existing investors boldstart ventures, Grove Ventures, Microsoft’s M12, and Crescendo Venture Partners also contributed to the funding.
env0’s platform addresses the challenges of complexity, scale, and security in cloud adoption, particularly in the context of IaC. The market for IaC is growing rapidly, with projections indicating it could reach more than $3.5 billion by 2030. env0’s solutions offer frictionless access to self-service infrastructure environments, enabling production environments to remain safe while supporting innovation.
The recent funding follows a successful year for env0, marked by substantial revenue growth, an increased customer base, and key feature enhancements in its platform. These enhancements include support for additional IaC tools, automated drift detection, and expanded enterprise-focused capabilities.
Env0 aims to simplify IaC deployment and management, catering to various tools such as Terraform, Terragrunt, CloudFormation, Pulumi, and Kubernetes. The platform facilitates collaboration, self-service deployments, and compliance adherence.
env0’s CEO and co-founder, Ohad Maislish, highlighted the importance of effectively scaling IaC for businesses to realize its full benefits. He emphasized that env0 is becoming increasingly crucial for customers’ infrastructures, helping them manage and scale IaC tools while ensuring compliance.