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env0 Raises $35 Million Series A Led by Venture Guides

env0, a provider of Infrastructure as Code (IaC) workflow automation and management software, announced it has secured an additional $18.1 million of funding to conclude its Series A investment round with a total of $35.1 million. The company grew by 450% in FY 2022, signing a number of new customers including MGM Resorts International, PayPal, VMware, and BCG. env0 will use the new funds to accelerate research and development of new products to scale customer cloud operations safely.

This latest round, which brings env0's total funding to $41.9 million, is led by Venture Guides, a new firm formed by industry veterans from Bain Capital Ventures. The round includes new investors StepStone Group and Knollwood Investment Advisory, with all existing investors boldstart ventures, Grove Ventures, Microsoft's M12 and Crescendo Venture Partners participating as well. The funding is Venture Guides' first major investment from their initial $200 million fund.

"Customers actually enjoy managing their public cloud environments safely at scale with env0," said Ben Nye, Managing Partner at Venture Guides. "At the same time, developers enjoy a much faster time-to-value with self-service environments, allowing them to deliver more innovative features and products faster. In addition, DevOps teams gain improved security, reduce cloud costs, and enable governance with policy safeguards while avoiding IaC tool vendor lock-in. env0 is the right solution for customers wanting to manage and grow their cloud operations."

Businesses want to accelerate their cloud adoption, but often encounter challenges of complexity, scale, and security. IaC helps customers solve these challenges, making it a top strategic imperative. Today, the IaC market is growing by more than 30% annually and is projected to reach more than $3.5 billion by 2030. Most IaC tools, however, address only technical implementation and provisioning issues without regard for user experience, security and governance, or business goals. In fact, developers frequently believe business policies hinder their ability to drive innovation. With env0, users gain frictionless access to self-service infrastructure environments and resources. This governed access allows production environments to be kept safe without limiting companies' innovation.

The funding builds momentum on a banner year in which env0 grew revenue by more than five times, customer count by two and a half times, and shipped key feature additions, including:

"We selected env0 because of its unique ability to centralize our Terraform management to improve visibility into our IaC deployment pipelines," said Avior Malkukian, Director of DevOps at BigID. "With env0, we now deploy with complete confidence, and we know how to catch issues before they make it to production. Our platform is more reliable, which has translated to happier BigID customers."

"While IaC tools unlock amazing benefits for businesses and enable rapid iteration and innovation, the biggest rewards can only be realized by scaling it effectively," said env0 CEO and co-founder Ohad Maislish. "env0 is becoming increasingly important to our customers' infrastructures. Our solutions help them scale and manage their IaC tools-dramatically cutting their deployment times and enabling self-service for their teams without neglecting compliance."  

Visit www.env0.com to learn more, or start a free trial today.

Published Wednesday, March 29, 2023 12:59 PM by David Marshall
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