– USA, MA – Thundra, the company helping application teams run fast safely, today announced $4 million in Series A funding led by global investment firm Battery Ventures, with participation from venture fund York IE as well as Berkay Mollamustafaoglu, the founder of Opsgenie and ScaleX Ventures.
Battery General Partner Neeraj Agrawal joined the Thundra board of directors. The funds will be used to accelerate product innovation as well as to scale the company’s marketing and sales teams in North America and Europe who work closely with customers navigating the shift to modern, cloud-native applications.
“Thundra started as a project within one of our portfolio companies, Opsgenie, where it immediately demonstrated enormous value,” said Neeraj Agrawal, Battery General Partner. “There is a massive opportunity for Thundra as a stand-alone company, and it is time to aggressively scale. We believe Thundra’s combination of talent and technology will drive application management forward quite rapidly by bringing to market highly innovative product features, such as the Thundra Application Observability and Security Platform.”
Thundra also announced the appointment of Ken Cheney as CEO. Cheney’s distinguished career includes growing several enterprise startups as well as helping established corporations define and own market categories. He has held executive positions at companies including Mercury Interactive, Hewlett-Packard, Likewise Software, Message Bus, Chef Software and Qumulo. Cheney has a proven track record in the application management space. His appointment comes as Thundra debuts exciting new capabilities. Today, the company announced the industry’s first comprehensive Application Observability and Security Platform, as co-founder Serkan Ozal resumes the role of CTO.
“Our customers consistently state that they face competitive pressures. Using Thundra, application teams can rapidly improve productivity,” said Cheney. “Thundra replaces the need for multiple tools. With this latest iteration of the Thundra platform, application teams gain the security and compliance guard rails to run fast safely along with anomaly detection of issues spanning performance, availability, cost, security and compliance, as well as the ability to rapidly troubleshoot and resolve issues end-to-end, improving mean time to repair dramatically.”
Thundra, a spinout of Opsgenie which was acquired by Atlassian earlier this year, successfully manages large-scale microservice applications across development, testing, staging and production environments. The Thundra Application Observability and Security Platform provides the first true end-to-end visibility, anomaly detection, debugging, troubleshooting, alerting and automated actions for serverless-centric, container and virtual machine workloads. Thundra is the only provider that can offer application management, security and compliance together in a manner that pinpoints down to the line of code if there is an issue.
“Enterprises must innovate quickly or die,” said Izzy Azeri, a seasoned entrepreneur who serves as an independent director on the Thundra board. “Those who are first to adopt cloud-native, serverless-centric applications gain a powerful capability to out-innovate competitors. Thundra dramatically reduces the friction enterprises face when moving to cloud-native applications composed of microservices, consolidating capabilities typically provided by numerous complex tools while also doing the hard part, delivering greater value than all of those tools combined.”
Using Thundra to manage modern cloud-native microservice applications, enterprises are able to significantly reduce time spent managing traditionally complex microservice applications, such as those leveraging serverless functions, containers or virtual machines. As a result, teams are able to develop and manage applications exponentially faster without sacrificing security or compliance.
“Ensuring application health is increasingly complex, with enterprises struggling to understand application behavior as they adopt new architectures and technologies, including microservices and serverless services,” said Nancy Gohring, senior analyst at 451 Research LLC. “Organizations are looking for tools that can be shared across teams and that deliver unified insight into applications composed of microservices.”
Thundra is an enterprise SaaS company providing the industry’s first Application Observability and Security Platform for the serverless-centric, container, and virtual machine workloads. Application teams spanning software development, DevOps/SRE, IT operations, and IT security rely on Thundra to run fast safely, troubleshooting and debugging with improved MTTR while ensuring security and compliance policies are enforced. Thundra is committed to making the lives of enterprise IT professionals better by reducing the complexity, costs, and bottlenecks slowing teams down, leveraging Thundra’s unique technology footprint to replace numerous existing enterprise tools while improving productivity and efficiency.
For more information: https://www.thundra.io
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