Quali Raises $54 Million in New Financing to Assist Venture DevOps Streamline Infrastructure Complexity
AUSTIN, Texas, Jan. 19, 2021/ PRNewswire/– Quali, the Framework Automation at Range ™ company, today announced $54 million in new funding, co-led by Greenfield Partners and also JVP. The firm will certainly utilize the funds to more broaden its stellar customer base, allow new partnerships, strengthen its market leadership placement, accelerate CloudShell innovation, and also expand the Quali team.
Quali’s CloudShell platform simplifies cloud infrastructure, making it easily accessible and also safe and secure for application development as well as implementation, speeding up electronic change. Quali’s objective is to unlock service worth encumbered by modern technology procedures, and to release the moment as well as ability of modern technology teams so they are cost-free to develop the future– to develop, examination, and release with easy self-service any time, on any type of cloud, or perhaps on-prem.
Despite COVID-19, Quali has actually experienced a record year, with substantial growth, offering consumers such as Cisco, Microsoft, Dell, Verizon, multiple financial institutions, and cloud company. Quali investors see the immense possibility in bringing automation to the masses. In addition to the continued support from Kreos Capital, this round additionally welcomes a fund taken care of by Hamilton Lane as a new financier.
While traditional Infrastructure as Code (IaC) players have focused on dealing with a relatively small collection of professionals, Quali’s innovation simplifies the individual experience– efficiently making cloud infrastructure, and also its complexity, unnoticeable to the application teams who require it.
” Growth groups are strained by the time and also intricacy of setting up and also operating cloud infrastructure. Quali equips programmers to establish, testers to examination, organizers to plan, and ops to run by using risk-free and efficient accessibility to crossbreed cloud infrastructure,” claimed Quali chief executive officer, Lior Koriat. “Given that Quali’s latest financing in 2018, the business experienced fast growth in sales, system advancement, as well as expanded its very own workforce around the world.”
” Quali has verified its placement as a market leader in the DevOps as well as Infrastructure Automation classification, servicing tier-1 consumers throughout several sections,” stated Erel Margalit, Founder and also Chairman at JVP. “This is one of our most fascinating business, and we are happy to join pressures with Shay Grinfeld, Managing Partner at Greenfield Partners, as well as Boaz Dinte, Taking Care Of Companion at Qumra Resources, who assisted build leading companies in this classification such as JFrog, BigPanda, as well as others. Alongside Yoav Tzruya, Quali’s Chairperson, and the large experience of JVP in structure global companies such as CyberArk as well as QlikTech, we are positive that along with Lior as well as Quali’s fantastic group both in Israel as well as the United States, the company will end up being the next huge thing.”
Quali’s new Board Participant, Shay Grinfeld, Managing Partner at Greenfield Partners, said, “Our investment thesis was developed around Quali’s distinct ability to improve cloud and also facilities intricacy for application and also modern technology teams with the growing adoption of DevOps technique and also CI/CD procedures. We are impressed with their current development and also are thrilled concerning the chance to develop a remarkable organization.”