Stacklet, an Arlington, VA-based leader in cloud governance and optimization as code, has successfully raised $14.5 million in a Series B funding round. This latest round brings the total funding raised by the company to $36.5 million.
Key Highlights:
- Funding Amount: $14.5 million in Series B funding.
- Lead Investor: SineWave Ventures.
- Other Participants: Strait Capital, Uncorrelated Ventures, Capital One Ventures, Foundation Capital, and Relentless VC.
- Purpose of Funding: To accelerate product development and expand sales and marketing efforts for Stacklet’s cloud governance as code platform.
Company Overview:
- CEO and Co-founder: Travis Stanfield.
- Location: Arlington, VA.
- Core Focus: Stacklet specializes in cloud governance and optimization through code, providing tools to help organizations manage large cloud estates efficiently.
Platform and Solutions:
- Stacklet Platform: A comprehensive governance as code solution that simplifies and automates cloud governance. It helps teams identify and remediate issues, ensuring cost optimization, security improvement, and compliance adherence. The platform also establishes preventative guardrails to avoid future governance issues.
Customers:
- Notable Clients: A+E Networks, Avalara, Madhive, Center for Internet Security, Blackbaud, Truist, and several Fortune 500 companies.
Statements from Leadership:
- Travis Stanfield, CEO: Expressed enthusiasm about the new funding, emphasizing its role in accelerating product innovation and expanding market reach. He highlighted the importance of their governance as code approach in helping organizations manage complex cloud environments efficiently.
Stacklet’s successful Series B funding round underscores the growing importance of cloud governance and optimization in today’s technology landscape. With the additional funds, Stacklet is well-positioned to enhance its platform, drive innovation, and expand its market presence, helping more organizations optimize their cloud operations securely and compliantly.
