Diagrid Raises $24.2 Million in Funding  

by Kay Aloha Villamor November 28th, 2022

Diagrid, a Seattle, WA-based firm that focuses on application developers by building APIs and removing the hard distributed systems, raised $24.2 million in total funding. The sum consists of a $20 million Series A led by Norwest Venture Partners and a $4.2 million seed round led by Amplify Partners. 

The capital raised by Diagrid will expand the company's product offerings. In addition to improving Diagrid Conductor, the business is expanding its product line with cloud runtime APIs to enable developers to run their code on systems other than Kubernetes.

A portion of the funding will also help grow the Diagrid team across engineering, sales, customer support, incident management, and developer advocacy.

Diagrid provides Diagrid Conductor, a fully managed service to help companies accelerate Dapr development, improve reliability and reduce infrastructure costs when building distributed applications on Kubernetes.

“We at Diagrid have produced a SaaS service called Diagrid Conductor that enables you to operate and manage Dapr on Kubernetes,” Mark Fussell, Diagrid co-founder and CEO said. “It’s a SaaS service that we host that you can point at your Kubernetes clusters that manages the data lifecycle and deployment inside Kubernetes.”

Diagrid Conductor deploys and upgrades Dapr and provides developers with insights into their applications’ health and behavior. It also manages Dapr on multiple Kubernetes clusters. 

Company: Diagrid, Inc.

Raised: $24.2M

Round: Seed and Series A

Funding Month: October 2022

Lead Investors: Norwest Venture Partners (Series A) and Amplify Partners (seed)

Additional Investors: 

Company Website: https://www.diagrid.io/

Software Category: Developer Tools

About the Company: Founded by Dapr co-creators Mark Fussell and Yaron Schneider, Diagrid is a developer of an enterprise software system designed to simplify, de-risk, and navigate distributed systems. Diagrid provides developers with productive tools and APIs so developers can concentrate on what matters: their business. The company's platform is a cloud- and distributed, microservices-based architecture that connects and integrates with other platforms and technologies, enabling developers to tools and APIs for faster and more efficient coding. It helps companies build and run high scale, modern applications using open-source technologies. Diagrid's mission is to boost developer productivity by providing tools and APIs for building cloud-native applications.

Source: https://www.builtinseattle.com/2022/10/12/diagrid-launches-raises-24m-hiring

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