IT Startup Nirmata raises $4 million led by Z5 Capital & Others
Nirmata, an IT startup, announced on Wednesday that it had raised $4 million (approximately Rs 30 crore) in a funding round led by Z5 Capital. The pre-series A funding round was also attended by Uncorrelated Ventures, Samsung Next, Benhamou Global Ventures (BGV), and angel investors Saqib Syed and BV Jagadeesh.
"With this new investment, the company will scale its product and operations to support the Kyverno community and establish an engineering team in India as well as grow its sales and marketing to accelerate its adoption," Nirmata said in a statement.
Kyverno, or Kubernetes Native Policy Management, is an open-source-based system for automating computer application deployment, scaling, and management.
The company claims that since the beginning of 2021, Kyverno's adoption has quickly soared to over six million downloads, with a growing number of users including Novartis, The New York Times, Duke Energy, TriNet, Grofers, and others. It is also used by open source projects such as Flux and KubeArmor.
"We are at the cutting edge of this innovation and are thrilled to be working with our partners at Z5 Capital, Benhamou Global Ventures, Uncorrelated Ventures, Samsung Next and BV Jagadeesh, Saqib Syed to accelerate the execution of our vision," Nirmata chief executive officer Jim Bugwadia said.
"We are in the process of hiring the leadership team in India. Our plan is to more than double the team in India in the next six months," Bugwadia said.
He said establishing operations in India is critical for the business as India is home to the world's best software engineering talents.
"We have also seen very active engagement from developers in India in the Kyverno community validating our decision to expand our operations in India," Bugwadia said.
Nirmata is a Kubernetes operations and management platform for enterprises that aims to reduce complexity and increase DevOps agility. Nirmata provides comprehensive policy-based automation for deploying, operating, and optimising Kubernetes applications across clouds via easy-to-use, intuitive interfaces with Nirmata Kubernetes Platform and Nirmata Policy Manager for Kyverno.
"With this new investment, the company will scale its product and operations to support the Kyverno community and establish an engineering team in India as well as grow its sales and marketing to accelerate its adoption," Nirmata said in a statement.
Kyverno, or Kubernetes Native Policy Management, is an open-source-based system for automating computer application deployment, scaling, and management.
The company claims that since the beginning of 2021, Kyverno's adoption has quickly soared to over six million downloads, with a growing number of users including Novartis, The New York Times, Duke Energy, TriNet, Grofers, and others. It is also used by open source projects such as Flux and KubeArmor.
"We are at the cutting edge of this innovation and are thrilled to be working with our partners at Z5 Capital, Benhamou Global Ventures, Uncorrelated Ventures, Samsung Next and BV Jagadeesh, Saqib Syed to accelerate the execution of our vision," Nirmata chief executive officer Jim Bugwadia said.
"We are in the process of hiring the leadership team in India. Our plan is to more than double the team in India in the next six months," Bugwadia said.
He said establishing operations in India is critical for the business as India is home to the world's best software engineering talents.
"We have also seen very active engagement from developers in India in the Kyverno community validating our decision to expand our operations in India," Bugwadia said.
Nirmata is a Kubernetes operations and management platform for enterprises that aims to reduce complexity and increase DevOps agility. Nirmata provides comprehensive policy-based automation for deploying, operating, and optimising Kubernetes applications across clouds via easy-to-use, intuitive interfaces with Nirmata Kubernetes Platform and Nirmata Policy Manager for Kyverno.
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