StackPulse Exits Stealth with $28 Million to Transform IT Service Management into Reliability Engineering
Summary
PORTLAND, Ore.--(BUSINESS WIRE)--StackPulse, founded a year ago to modernize software reliability with engineering best practices, today announced a $20 million Series A led by GGV Capital. This newest funding brings the total amount raised to $28 million, including a previously undisclosed $8 million seed round less than a year ago led by Bessemer Venture Partners, which also participated in the Series A. Glenn Solomon at GGV and Amit Karp at Bessemer will join the StackPulse board of directors; Oren Yunger at GGV will join as a board observer. “It’s extremely rare to see a one-year-old startup exiting stealth mode already having built significant product-led growth and customer adoption momentum,” said Glenn Solomon, managing partner at GGV Capital. Our teams are no longer fighting fires and can instead invest in building for the future.” StackPulse plans to announce a free edition of its Reliability Platform in the weeks ahead. StackPulse is backed by GGV Capital and Bessemer Venture Partners, and was founded in 2020 by a team with a shared history working together across numerous DevOps, Cloud Security and IT startups.