TL;DR
Qovery raises $13M Series A to enhance its DevOps automation platform, addressing the DevOps engineer shortage and supporting regional expansion and AI-driven development.
Key Points
Highlight key points with color coding based on sentiment (positive, neutral, negative).Qovery is a DevOps automation platform that simplifies cloud application deployment, reducing infrastructure management complexity and costs, allowing developers to focus more on coding rather than managing cloud infrastructure.
The platform automates the entire lifecycle of application deployment and infrastructure management across various cloud environments, including AWS, GCP, Azure, and on-premise Kubernetes, providing full visibility and cost control without vendor lock-in.
Qovery's platform can be installed in just five minutes, delivering the output equivalent to four to five DevOps engineers, significantly reducing setup times from weeks or months to about a day, and requiring minimal DevOps expertise.
The platform enhances DevOps efficiency by approximately three times on average, enabling faster product cycles with hundreds or thousands of deployments per day, without compromising compliance or security.
Qovery's recent $13 million Series A funding round, led by IRIS and supported by notable investors, aims to support regional expansion, team growth, and AI-driven product development, addressing the ongoing shortage of skilled DevOps engineers.
Key Numbers
Present key numerics and statistics in a minimalist format.Qovery raised a certain amount in its Series A funding.
There is a likelihood of deployment delays in the UK in 2024.
Customers reported an average increase in DevOps efficiency.
Customers achieved a certain number of deployments per day.
Qovery experienced a year-over-year growth rate.
Qovery raised a certain amount in its Series A funding in euros.
The time required to install Qovery's platform is specified.
The typical time to hire and onboard DevOps engineers is specified.
Stakeholder Relationships
An interactive diagram mapping entities directly or indirectly involved in this news. Drag nodes to rearrange them, and hover over lines to see relationship details.People
Key entities and stakeholders, categorized for clarity: people, organizations, tools, events, regulatory bodies, and industries.Participated as an angel investor in Qovery's Series A funding round.
Participated as an angel investor in Qovery's Series A funding round.
Participated as an angel investor in Qovery's Series A funding round.
Joined the board of directors at Qovery following the Series A funding round.
Organizations
Key entities and stakeholders, categorized for clarity: people, organizations, tools, events, regulatory bodies, and industries.Led the Series A funding round for Qovery.
Participated in Qovery's Series A funding round.
Participated in Qovery's Series A funding round.
Participated in Qovery's Series A funding round.
Participated in Qovery's Series A funding round.
Tools
Key entities and stakeholders, categorized for clarity: people, organizations, tools, events, regulatory bodies, and industries.Used by Qovery to automate cloud deployment and manage infrastructure efficiently.
Events
Key entities and stakeholders, categorized for clarity: people, organizations, tools, events, regulatory bodies, and industries.A $13 million funding round for Qovery to enhance its DevOps automation platform.
Industries
Key entities and stakeholders, categorized for clarity: people, organizations, tools, events, regulatory bodies, and industries.One of the primary sectors that Qovery's platform targets for enhancing DevOps capabilities.
Timeline of Events
Timeline of key events and milestones.Qovery was launched as a DevOps automation platform.
In the UK, deployments were reported to be 26% more likely to be delayed than delivered early due to a shortage of experienced DevOps engineers.
Qovery raised $13 million in Series A funding, led by IRIS, with participation from Speedinvest, Crane Venture Partners, Techstars, Irregular Expressions, and several prominent angel investors. The funding is aimed at regional expansion, team growth, and AI-driven product development.
Qovery is reported to be growing at 115% year-over-year, with half of its business coming from the US, serving clients like Talkspace and RxVantage.
Long-form summary
Qovery, a Paris-based SaaS platform, has secured $13 million in a Series A funding round led by IRIS, with contributions from Speedinvest, Crane Venture Partners, Techstars, and several notable angel investors. These include Datadog co-founders Olivier Pomel and Alexis Le-Quoc, Docker co-founder Sebastian Pahl, and Checkout.com CTO Ott Kaukver. The funding aims to bolster Qovery's regional expansion, team growth, and AI-driven product development.
Founded in 2020, Qovery offers a DevOps automation platform that simplifies application deployment across any cloud, tackling the complexity and cost associated with infrastructure management. The platform automates the entire lifecycle of application deployment and infrastructure management, whether on public clouds or on-premises Kubernetes environments. It combines the ease of a PaaS with the flexibility and control developers need, allowing them to focus more on coding rather than managing cloud infrastructure.
Qovery's platform is particularly advantageous amid a global shortage of experienced DevOps engineers, a significant bottleneck for software delivery. In the UK, deployments were 26% more likely to be delayed than delivered early in 2024. The platform reduces setup times from weeks or months to about a day, with installation taking just five minutes and requiring minimal DevOps expertise. Customers report achieving approximately three times the efficiency of traditional DevOps setups, with the ability to deploy hundreds or thousands of times per day, thus accelerating product cycles without compromising compliance or security.
The platform also offers full visibility and cost control, avoiding the vendor lock-in typical of traditional PaaS solutions. Qovery's growth is evident, with a 115% year-over-year increase and a client base that includes companies like Talkspace and RxVantage. The funding and strategic support from investors are expected to further enhance Qovery's capabilities and market reach and set a new standard for DevOps automation.
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