Home Breaking News US based start-up Spacelift raises USD 6 Million

US based start-up Spacelift raises USD 6 Million

California based start-up Spacelift has raised USD 6 Million on 11th of February, 2021 in a Series A funding round led by London’s Blossom Capital. The company has secured a total of USD 7.6 Million in funding over 2 rounds.

Investors: The association has acquired a capital of around USD 6 Million in Series A funding round led by London’s Blossom Capital along with the participation of Hoxton Ventures and Inovo Ventures Partner.

What the funding is for: The fresh funding would be utilized for expanding their reach globally. According to the sources, the company is planning to take benefit of the chance handed over by the growing complex cloud world. They would also be working on the development and definite integration of their resources. 

Founder of the company:  Marcin Wyszynski and Pawel Hytry

Founded year: 2019

About the company: Spacelift is a privately held terraforming organization which can be used to operate any cloud, infrastructure or service. The company utilizes an open-source project with an ecosystem and a terraform binary.  Its headquarters are established in the San Francisco Bay Area, Silicon Valley, West Coast and has a work strength of around 20-25 employees. The organization enables collaboration, ensures control and compliance and allows customers to customize and automate their workflows. Space lift is also considered as the most flexible continuous integration and deployment platform. 

What the CEO has to say: “The switch to using cloud servers and infrastructure as code has benefits for businesses but it has created new challenges for the team, particularly when they are disturbed. The slightest mistake can cause major outage and downtime which is obviously bad for business. We designed Space lift to minimize these issues, by providing automation, control, and visibility tools to teams wherever they are”. Said Marcin Wyszynski, CEO of the company.

“The polish and US based start-up are taking advantage of the opportunity presented by the increasingly complex cloud world, with what it dubs as an infrastructure policy-based platform. This allows the team to automate processes in a more efficient manner without the risk of downtime”. Said Pawel Hytry, Co-founder of Space lift. 

What the investors have to say: “Managing infrastructure has been a persistent pain point for fast growing teams and the need for specialized management tool platforms has been underlined by the fact that so many teams are now working remotely”. Said Imran Ghory, Co- Founder and Partner at Blossom Capital.

We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know

-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!

Next Article

Previous articleThe winner behind Clubhouse app’s rise – Agora Inc.
Next articleIndian EdTech Startup Eupheus Learning obtains US $4.1M Series B investment



Please enter your comment!
Please enter your name here