California-based env0, a leading provider of Infrastructure as Code (IaC) workflow automation and management software, recently secured a whopping $35 million in Series A funding. This latest round of investment, which brought the company’s total funding to $41.9 million, saw prominent investors such as Venture Guides, StepStone Group, Knollwood Investment Advisory, boldstart ventures, Grove Ventures, Microsoft’s M12, and Crescendo Venture Partners coming on board.
env0 plans to utilize the funds to further accelerate research and development of new products that will empower customers to scale their cloud operations safely and efficiently.
The company, helmed by CEO Ohad Maislish, is committed to simplifying the implementation and management of IaC tools like Terraform, Terragrunt, CloudFormation, Pulumi, Kubernetes, and more. With its innovative platform, env0 facilitates seamless collaboration and self-service cloud deployments among users and teams. It also ensures governance and compliance by adhering to policies set in place.
This substantial funding comes on the heels of a highly successful year for env0, during which the company witnessed a remarkable growth in revenue – more than five times – and customer count, which increased by two and a half times. Key feature additions were also rolled out, such as:
- Extended support for IaC tools like CloudFormation, Pulumi, and Terragrunt (including the sought-after run-all capability)
- Automated drift detection capabilities
- Integration with Azure DevOps, cementing env0’s compatibility with all major version control system platforms
- Comprehensive Terraform functionality including remote backend, module registry, remote plan, and Plan/apply on PR
- Enhanced enterprise-focused capabilities like multi-tier workflows, auditing, external logging platform integration, pluggable integration architecture, and expanded RBAC and OIDC authentication.
In FY 2022, env0 grew by an impressive 450%, securing new clients such as MGM Resorts International, PayPal, VMware, and BCG, among others. With its recent funding success and a proven track record, env0 is poised to become an even more influential player in the IaC market, helping businesses of all sizes to scale and manage their cloud operations securely and efficiently.