Insight Partners Leads USD 12M Funding Round In Devtron

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Devtron, an open-source internal DevOps platform that democratises Kubernetes adoption, has raised $12 million (approximately Rs 96 crore) in funding led by Insight Partners, with participation from Leo Capital and undisclosed angel investors.

The new funds will be used to grow the company’s team, drive platform adoption, and expand into new markets. DevOps is a set of practices that combines software development (Dev) and IT operations (Ops).

Prashant Ghildiyal, Nishant Kumar, and Rajesh Razdan founded Devtron in 2019 to provide a low-code software delivery platform for Kubernetes based on popular open-source tools such as Argo and Clair. Among other features in the CI/CD workflow, the platform includes cluster provisioning, application management, and security.

CI/CD is a method of delivering apps to customers on a regular basis by incorporating automation into the stages of app development.

It claims that Devtron has helped companies reduce their Kubernetes maturity journey from a year to months. Companies with more than 50 microservices have used Kubernetes in as little as 15 days in some cases.

Insight Partners is a global software investor specialising in high-growth technology, software, and internet companies. As of June 30, 2022, the firm managed over $80 billion in regulatory assets. Insight Partners has invested in over 700 companies worldwide and has seen over 55 of its portfolio companies go public. Insight is headquartered in New York City, with offices in London, Tel Aviv, and Palo Alto.



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