Botmetric gathers $3 mln Series A


Santa Clara, California-based Botmetric, an AI-powered cloud management platform helping digital businesses simplify and optimize their cloud services, has raised $3 million in Series A funding. Blume Ventures, a Draper Venture Network fund, led the round.

PRESS RELEASE

Santa Clara, Calif— Botmetric, a leading AI-powered cloud management platform helping digital businesses simplify and optimize their cloud services, today announced that it has raised series A of $3 million led by Blume Ventures, a Draper Venture Network fund. Botmetric will use the funds to enhance its offerings with intelligent automation, as well as expand operations across North America and the Asia-Pacific regions.

Cloud computing is one of the most sought-after technologies in the IT market today, with a growth rate of 18% expected over 2017 alone. As such, there is high demand among organizations for a way to efficiently and effectively manage their cloud services. Due to its dynamic nature, however, cloud management is far easier said than done; it requires the right skillset and the right tools used at precisely the right time.

Botmetric, a product by Minjar, is the only cloud management tool organizations need to fully manage and optimize their public cloud infrastructure for cost, security, and DevOps. Using machine learning and advanced automation, Botmetric provides Cost Management Analytics, Comprehensive Infrastructure Audits, and DevOps Automation for Cloud. The solution ranks as the number one cloud management app in the AWS Marketplace, providing intelligent diagnostics and the industry’s first “Click-To-Fix” option to easily remediate issues in the cloud.

In addition to Blume Ventures, Botmetric is also backed by marquee technology investors including Ankur Jain, Ashish Gupta, Pallav Nadhani, Sharad Sharma, Faiyaz Shapurwala, Jocelyn Goldfien, Raj Raman, Rishi Bhargava, and Vishal Gupta. Botmetric’s customers and partners include Samsung, PopSugar, IDEXX, Metabiota and Axcient.
“We were very excited when we learned about Botmetric’s SaaS platform, and how it enables AIOps on the public cloud. Anand, Vijay, and the team at Botmetric have created a truly comprehensive solution that provides deep, real-time insights,” said Sanjay Nath, Managing Partner of Blume Ventures. “Cloud management and optimization present an enormous opportunity for B2B startups, and we’re thrilled to help Botmetric establish a dual-base global presence in Silicon Valley while leveraging the talent and scale advantages of Bangalore.”

“Botmetric was among an elite group of companies that presented at the December 2016 StartupBridge India conference, hosted at Stanford,” said Thiyagarajan M, Co-Founder and Fellow-In-Residence at iSpirit. “Through this opportunity, Botmetric gained new customers including Samsung, strengthening their global reach — and ultimately attracting this latest round of investment.”

“We’re delighted to have Blume and other investors back our journey in building an intelligent cloud operations platform for enterprises around the world,” said Vijay Rayapati, CEO of Botmetric. “We believe that engineers should work to solve new problems rather than known problems. Botmetric is helping organizations to realize their cloud infrastructure potential while letting engineers sleep peacefully. This investment will empower us to increase product R&D for improved cloud operations intelligence and and drive our go-to-market strategy for the US.”

About Botmetric
Botmetric, a product by Minjar, is the only cloud management tool you’ll need to manage and optimize your public cloud infrastructure for Cost, Security & DevOps. Botmetric leverages machine learning and advanced automation to provide Cost Management Analytics, Comprehensive Infrastructure Audits and DevOps Automation for Cloud.
Rated as No. 1 cloud management app on AWS Marketplace, it provides intelligent diagnostics and industry’s first “Click-To-Fix” option to easily remediate the issues in your Cloud. Intelligent automation engine that powers Botmetric, makes the system administration a breeze.

Headquartered in Santa Clara, CA, Botmetric, today helps Start-ups to Fortune 500 companies across the globe to save on cloud spend, bring more agility into their businesses and protect the cloud infrastructure from vulnerabilities. To learn more about Botmetric, visit https://www.botmetric.com

About Blume Ventures
Blume Ventures is an early stage venture fund that backs startups with both funding as well as active mentoring and support. Our journey began in 2010 with our founding partners, Sanjay Nath and Karthik Reddy, having met and being active in one of India’s first institutional angel networks, the Mumbai Angels. Currently on our second Fund, we back startups through multiple rounds including seed, angel and pre-Series A, leading up to follow-on institutional rounds from larger reputed VCs. We have almost consistently been the most active early stage Indian VC since 2011, funding more than 20 companies per year. Our portfolio consists of more than 70 active companies and over 150 high-potential founders. This year, Blume Ventures won the News Corp VCCircle VC fund-raiser of the year award in recognition of its prolific fund-raise from a largely domestic limited partner base.

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