TLDR:
- Stacklet, a cloud governance and optimization company, raised $14.5M in Series B funding.
- The funding will be used to accelerate product development and expand sales and marketing efforts.
Stacklet, a leader in cloud governance and optimization as code, has secured $14.5 million in Series B funding. The round was led by SineWave Ventures, with participation from various other investors including Strait Capital, Uncorrelated Ventures, Capital One Ventures, Foundation Capital, and Relentless VC. This brings the total funding raised by Stacklet to $36.5 million. The company, led by CEO Travis Stanfield, plans to use the funds to accelerate product development and expand sales and marketing efforts for its cloud governance as code platform.
Stacklet’s platform helps organizations with large cloud estates optimize costs, improve security, and ensure compliance by simplifying and automating all aspects of governance via code. The Stacklet Platform is a governance as code solution that enables teams to identify and remediate cloud governance issues while establishing preventative guardrails against their recurrence. Some of Stacklet’s customers include A+E Networks, Avalara, Madhive, Center for Internet Security, Blackbaud, Truist, and several Fortune 500 leaders.
Overall, the funding round will enable Stacklet to further develop its product and reach a wider market, providing valuable cloud governance solutions to organizations looking to optimize their cloud operations and ensure compliance and security.
