New York, the USA-based provider of an open and infrastructure-agnostic platform, Kubeark, raised USD 2.8 million in pre-seed funding. The company announced the fundraise on February 1, 2023. Credo Ventures led the financing for the company. Meanwhile, Seedcamp, LAUNCHub Ventures, and 500 Emerging Europe participated in the financing.
Purpose of financing for the company
With the latest financing from the pre-seed funding, the company seeks to accelerate platform development. It also intends to build a strong network of global partners in order to advance and scale the adoption of its technology.
What the Kubeark’s official has to say
Bogdan Nedelcov, Kubeark CEO and Co-founder, said, “Software vendors currently struggle with their hybrid cloud infrastructure and the transformation of products from on-premises to cloud on a large scale. Kubeark helps them achieve operational excellence regardless of where their infrastructure resides: on-premises, on public, or on a private cloud. Our platform ushers in a new era in which software products are delivered as true SaaS products, helping vendors speed time-to-value, hyper-scale their distribution, and SaaSify any piece of software instantly.”
What the investors have to add
Ondrej Bartos, Co-founder and General Partner at Credo Ventures, further said, “Cloud computing continues to be an important technology trend, with ever more businesses becoming cloud-native. In the process, a major persisting challenge they face is to make applications more scalable and easier to deploy. We believe Kubeark is addressing this need by abstracting the complexity and allowing the user to define business rules that power the deployment process.”
Besides, Reshma Sohoni, Managing Partner at Seedcamp, said, “We are excited to back Kubeark, a company founded by an incredibly experienced team with roots at Seedcamp-backed UiPath. Their holistic yet versatile solution has the potential to supercharge scalability in an efficient and secure way.”
In addition, Enis Hulli, a General Partner at 500 Emerging Europe, said, “Almost every SaaS company struggles to deploy and manage different infrastructures for their customers, either battling with a do-it-yourself approach or pushing a one-size-fits-all approach, leaving billions of dollars on the table. We were immediately impressed with the Kubeark team. We believe that they are uniquely positioned to wrap business logic around a Kubernetes as a service offering, tapping a nascent space and an unserved market that can create trillions of dollars in value for their customers.”
About the company
Bogdan Nedelcov, Teofil Harapcea, Adrian Tudoran, George Dumitrascu, Bogdan Dumitru, and Mihai Faur launched the company in 2022. Kubeark is an open, infrastructure-agnostic platform that simplifies and innovates the way companies develop business models.
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