Poland and US–based startup Spacelift, an integrated management platform for infrastructure as code, has raised $15m in Series B funding led by New York-based global private equity and venture capital firm Insight Partners to scale its management platform for infrastructure as code in the US market.
Existing investors Blossom Capital, Inovo Venture Partners, and Hoxton Ventures also participated in the round. This new investment will allow Spacelift to quadruple its engineering team to accelerate product development and to build out its commercial team in the United States. The company is headquartered in Redwood City, California, USA, and has an office in Warsaw, Poland.
Pawel Hytry, co-founder and COO at Spacelift, said, “Over the past few years, IT organizations relied on generic CI/CD tools, open-source components and custom-made solutions to manage their infrastructure. With increasing infrastructure complexity and development of infrastructure as code, this approach proves unscalable and error prone. Spacelift addresses the issues of scaling and infrastructure complexity by providing a robust, specialized management platform for infrastructure as code. We are eager to partner with Insight Partners and benefit from their experience in the developer tools space.”
“With the growth of cloud-native development and DevOps practices, infrastructure as code is becoming the standard way to provision infrastructure, and Spacelift is addressing an acute need around infrastructure as code management, automation, and security and compliance,” said Josh Zelman, Vice President at Insight Partners. “Spacelift enables developers and DevOps teams to more easily and effectively manage infrastructure across all platforms. In speaking with DevOps teams within the Insight portfolio, we continuously heard about this need and the strength of the Spacelift platform. Insight is thrilled to partner with Spacelift and support its ScaleUp efforts in its next phase of growth.”
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