22 January 2020:
Thundra has raises $4 million in Series A round of funding. The funding round was led by Battery Ventures.
York IE and Berkay Mollamustafaoglu (the founder of Opsgenie and ScaleX Ventures) also participated in the funding round.
Battery General Partner Neeraj Agrawal joined the Thundra board of directors.
The company will use the fresh capital 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 also announced the appointment of Ken Cheney as CEO.
Ken Cheney, said, “Our customers consistently state that they face competitive pressures. Using Thundra, application teams can rapidly improve productivity. 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 (MTTR) dramatically.”
Neeraj Agrawal, said, “Thundra started as a project within one of our portfolio companies, Opsgenie, where it immediately demonstrated enormous value. There is a massive opportunity for Thundra as a stand-alone company, and it is time to aggressively scale.”
Neeraj Agrawal, added, “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.”
Izzy Azeri, a seasoned entrepreneur who serves as an independent director on the Thundra board, said, “Enterprises must innovate quickly or die. Those who are first to adopt cloud-native, serverless-centric applications gain a powerful capability to out-innovate competitors.”
Izzy Azeri, added, “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.”
(Source – Thundra)